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File as at t achm ent :STRATEGY FOR CASH CEN TRES I N I N D ON ESI A
I ndonesia’s ev er r ising v olum e of cur r ency in cir culat ion ov er t he y ear s has led
t o need for enhancem ent s in cash m anagem ent funct ions inv olv ing t echnology- based
im pr ov em ent s in efficiency and secur it y and incr eased oper at ional effect iv eness in
cash in t r ansit com panies, sm all denom inat ion ex change com panies, bank s and
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? Dr aft ing of By law s on cash deposit s and pay out s as supplem ent ar y r ules t o
t he guidelines for t est ing of cash deposit s and pay out s, t o be dr aft ed and
appr ov ed by bank s t o st r eam line t he t r ial oper at ion of bank cash deposit s
and pay out s. These By law s w ill be binding on all m em ber bank s of a ser v ice
office.
? Set up of a m ailing list for ex change of infor m at ion am ong bank s concer ning
shor t or long cash posit ions.
? Est ablishm ent of 12 bank focus gr oups, each under a bank act ing as
coor dinat or , t o pr ov ide facilit at ion for pr oblem s faced by indiv idual bank s.
La u n ch in g of Ca sh Ce n t r e s
The cash cent r e st r at egy and policy for I ndonesia w ill be im plem ent ed in 3 ( t hr ee)
st ages as follow s:
? Short - t er m : I m pr ov em ent s t o cash handling act iv it ies as a for er unner for oper at ion of cash cent r es t hr ough t he im plem ent at ion of t r ial cash deposit
and pay out s at bank s. At t his st age, Bank I ndonesia w ill also be r equir ing
bank s t o handle deposit s of cash unfit for cir culat ion.
? Medium - t er m : Per for m t he landscaping of bank s and non- bank ent it ies t hat can ser v e as pr ecur sor s t o cash cent r es and pr ov ide efficient , effect ive
ser v ice t o bank s. This w ill t ak e place w it hin a specified r egion w it h t he
int r oduct ion of for m al legal pr ov isions on cash deposit s and pay out s,
dev elopm ent of infor m at ion sy st em s, m apping of local needs including t he
need for cash cent r es and t he m echanism s and hum an r esour ces
qualificat ions for super v ision of cash cent r e ent it ies.
? Long- t er m : Pr epar e for launching of cash cent r es, am ong ot her s suppor t ed
by: r ules on oper at ional m echanism s, such as t he set t lem ent sy st em ,
super v ision and ex am inat ion sy st em , cash pr ocessing sy st em and
r em it t ances sy st em t o ensur e t hat cash cent r es com ply w it h r egulat ions and
