Bank Indonesia's Dutch arm bankrupt

Boediono, the governor of Bank Indonesia, has acknowledged that Indover, a unit of Indonesia's central bank based in the Netherlands, is heading for bankruptcy after a local court approved an application for receivership.

Indover, or Indonesische Overseeze Bank N.V. to give it its full name, specialised in trade between Indonesia and Europe and could trace its history back to 1828.

"The bank filed for bankruptcy on 1 December in a Dutch court. The proposal has been accepted and the bank is cur

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