Idul Fitri cash withdrawals surge 61% in Greater Jakarta – Business
Dzulfiqar Fathur Rahman (The Jakarta Post)
PREMIUM
Jakarta ●
Mon, May 24, 2021
Greater Jakarta residents withdrew trillions more rupiah over Idul Fitri this year compared to last year, as consumption started recovering from the pandemic-induced economic downturn.
Over the two-day holiday on May 13 to 14, cash withdrawals in Greater Jakarta surged 61 percent to Rp 34.8 trillion (US$2.42 billion) from Idul Fitri 2020, said Coordinating Economic Minister Airlangga Hartarto, quoting data from Bank Indonesia (BI).
The central bank had set aside banknotes worth Rp 154.5 trillion for Idul Fitri this year in an increase of 41.5 percent from last year’s figure.
“This suggests that whatever was planned, whether holiday bonuses or other activities, provided liquidity in the market,” Airlangga told a virtual press briefing on May 19. “Of course, with these figures, we are optimistic the economy will return to the po…
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