Central Banking

Wahid won't interfere with Bank Indonesia

Indonesian President Abdurrahman Wahid will not interfere in negotiations over changes to the law governing the central bank, his spokesman said on Wednesday. "It is up to parliament to discuss amendments to the central bank law...the president doesn't want to interfere," spokesman Wimar Witoelar told reporters.

Bank Indonesia is battling with the government over cheap loans it handed out at the peak of the country's financial crisis in 1997 and 1998. Parliament is now discussing changes to th