The growth of currency in circulation (Uang Kartal Yang Diedarkan - UYD) in October 2020 was  BANK INDONESIA’S ANNUAL MEETING 2020  recorded at 14.61% (yoy) amounting to Rp. 806.8 trillion. Payment transactions using ATMs, Debit Cards, and Credit Cards showed a lower growth contraction to 3.97% (yoy) in October 2020 (Graph 20).
Investors and lenders rightly responded to these events by becoming more wary, and financial conditions accordingly became more restrictive. Businesses faced a similar set of shocks: bankrupt clients, elevated uncertainty, skeptical investors, and expected rates of return that had plummeted. With limited pricing power and opportunities for sales expansion, businesses had to focus on expense management to increase their earnings.