Central Banking

Bank Indonesia to pay govt 2 trillion rupiahs

INDONESIA - The Indonesian government said it intended to collect around Rp2 trillion in taxes from central Bank Indonesia in the near future to help plug the expected deficit in the 2001 state budget resulting from the rupiah depreciation.

The taxes could be imposed on Bank Indonesis as soon as the amended Law No 23/1999 on Bank Indonesia was promulgated, Coordinating Minister for Economic Affairs Rizal Ramli said on Apr 5.

"At present, the law is still in the process of being amended. After

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