As the monetary authority, the mission of Bank Indonesia is to create and maintain rupiah stability. Currency exchange activity, as a supporting industry of the financial sector, plays a strategic role in terms of underpinning rupiah stability. 15. Meanwhile, the mission of Bank Indonesia, as the payment system authority, is to create a secure, efficient and uninterrupted cash and non-cash payment system.
In terms of the non-cash payment system, Bank Indonesia tireless strives towards a Less Cash Society (LCS), namely encouraging the general public towards a proclivity for non-cash payment instruments. To that end, Bank Indonesia recently launched a National Non-Cash Movement in order to expedite the proliferation of non-cash transactions. 16. Payment (retail) transactions in Indonesia are currently dominated by cash-based transactions.