bank indonesia finds 612 money changers that operate illegally across the country

Bank Indonesia has identified 612 non-bank foreign currency exchange businesses (money changers) that operate illegally across the country.

BI executive director of payment systems policy and supervision Eni V. Panggabean said that the illegal money changers were found in Jakarta, Lhoksseumawe, East Kalimantan, Bali and Kendari.

“We have mapped the money changers that operate without licenses,” said Eni, as quoted by tempo.co, adding that the central bank warned the management of the illegal money changers to arrange their licenses before April this year.