According to BI Chief of Denpasar, Bali, Jefrey Kairupan, the circulation of false money gets higher every year.
"Counterfeit money in Bali increases in circulation. If no control is imposed upon it, the Rupiah will gain lower international trust," said Jefrey on Wednesday.
Jefrey went on to say that the high distribution of counterfeit money will in turn reduce the public's trust toward the Rupiah.
"Our record shows that money counterfeiters have only been sentenced to imprisonment of less than a year," he said.
In the mean time, Deputy II of the National Intelligence Agency (BIN), Agoes Putranto, cited BIN Chief Soetanto saying that counterfeit of money is both a pure crime and a form of subversive act. "Money symbolizes state sovereignty. Counterfeit of money may pose a strategic threat toward the state," he said.
Agoes said 170 cases of counterfeit of money were found between 2005 and 2010 in Jakarta, Medan, Makassar and Bali.
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