Though obviously tired, he was animated. I hope so, but maybe it is hoping for too much. We can detect from money in circulation that demand for bank notes in Indonesia is increasing tremendously. People don't believe in the banking sector. The joke is that the biggest shortage in Indonesia today is in safes.
Depositors withdraw their cash and put it in the safes.
Depositors move their money from small banks to big banks, from domestic banks to foreign banks, from rupiahs to dollars. One big problem is the lack of confidence between banks. They have liquidity, but they don't dare to lend it. I have to say these ratings are getting crazier and crazier. There is a lot of talk that the central bank would prefer to see banks in Indonesia, which number more than 200, down to 20 or fewer.