, were submitted by the bis committee on payments systems and market infrastructures ( cpmi ) in collaboration with the bis innovation hub ( bisih ) in side events of the g20 indonesia digital economy and finance festival ( fekdi ) in bali, july 2022. indonesia leads the asean - 5 ( indonesia, thailand, malaysia, singapore, and the philippines ) in payment system cooperation for the use of quick response ( qris in indonesia ) and retail fast payments ( bifast in indonesia ) with using local currency transactions. meanwhile, important progress in indonesia ’ s presidency of the g20 was achieved in the development of cbdcs with a focus on 3 ( three ) important aspects, namely : cbdc design ( wholesale and / or retail cbdc ), the use of cbdcs in financial inclusion ( directly or through digitalization of payments system ), and cbdc cooperation between countries ( regional asia and multilateral through the bis and also the imf ). to realize these three focuses, indonesia in collaboration with bisih successfully held the g20 techsprint 2022 as an annual competition for practical and feasible solutions for cbdc development on three issues, namely : ( i ) robust and effective publishing, distribution, and transmission ; ( ii ) capacity for financial inclusion ; and ( iii ) connectivity and interoperability. competition enthusiasm was very high with almost 100 ( one hundred ) participants from all over the world where the jury selected 21 ( twenty one ) participants as finalists and then determined 3 ( three ) winners for each of the aspects of the above cbdc development. moreover, indonesia ’ s presidency of the 2022 g20 strengthens coordination of bis cpmi, bisih, imf, and the world bank in the preparation of integrated assessment reports and recommendations for options in cbdc access and interoperability for cross - border payment systems, while maintaining the stability and integrity of the international monetary and financial system. in addition, the fsb has also issued a consultative report to achieve greater convergence in reporting and handling cyber incidents. indonesia ’ s presidency in the g20 2022 has also succeeded in encouraging the economic and financial inclusion development program by displaying the progress of indonesia ’ s msmes development. the covid - 19 pandemic has had an impact on increasing inequality among the poorest and most vulnerable groups of society, especially for msmes, women and youth. to that end, the g20 agreed on the “ g20 financial inclusion framework in harnessing digital

form of hardwares and softwares which securities have to be assured. 5. in implementing the function of cash payment system, bank indonesia has money storage treasury that highly needed for ensuring the availability of cash in sufficient nominal amounts as well as fractions to meet the public needs. this treasury is also bis central bankers ’ speeches highly required for storage of the state foreign exchange reserves in the form of gold. 6. meanwhile, to support non - cash payment system, bank indonesia also has various vital payment system instruments such as real times gross settlement ( rtgs ) system, sistem kliring nasional - skn ( national clearing system ) and data centre which must function safely, smoothly and efficiently. 7. how important the roles of the various assets or system can be seen, among others, from the value of the transaction or money deposited. the rtgs system currently serves transaction settlements with an average value of rp 469 trillion per day and sknbi serves banking clearing transactions with an average value of rp 11 trillion per day. meanwhile, the amount of cash money ready for circulation both in the treasuries of bank indonesia ’ s head office and representative offices in the regions in the month of january has reached approximately 222 trillion. 8. another important activity of money circulation that requires escorting is the distribution of money. this activity includes among others the delivery of money fit for circulation from peruri to bank indonesia ’ s head office and delivery of money from bank indonesia to the centres of public economic activities such as clean money policy program or money distribution in order to maintain the availability of cash money in remote areas. 9. disruption and threats against various assets, system and smooth distribution of money, which naturally can harm the economy in the republic of indonesia. 10. therefore, bank indonesia requires personnel support from the state police of the republic of indonesia that capable to implement the duties of securing and escorting with qualification and competency in confronting disturbances and threats of security with high intensity, which in this case owned by the brimob ( mobile brigade ) corps of polri. 11. this good cooperation and coordination needs to be poured into a clear and transparent mechanism, in accordance with the duty and authority of bi and polri, and shall refer to the applicable laws and regulations by considering the principles of justice, benefit and legal certainty. 12. we welcome the signing of the work guidelines concerning the “ procedures for implementation of securing bank indonesia and escorting state - owned valuables ”. this work guidelines