Central Banking

Jakarta sticks to controversial c.bank law changes

Indonesia said on Feb. 12, 2001 it would stick to proposed amendments to the central bank law that would effectively sack the existing board of governors, a move expected to add pressure to already strained relations with the IMF. The International Monetary Fund has raised concerns over the central bank's independence in light of the government's submission of the draft bill to parliament, which analysts say could open the bank to political interference.

"The government will stick to the draft

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