Central Banking

Bank Indonesia debt to government is 24.5bn rupiah

Deputy governor of Bank Indonesia Ahjar Iljas said the central bank has issued a promissory note valued at Rp24.5 trillion ($2.7 billion) in a bid to settle the controversy over Bank Indonesia Liquidity Support (BLBI).

Iljas said the promissory note, which has been sent to the finance minister, was issued under an agreement with the government on November 17. He said the central bank hopes that the agreement will end controversy over BLBI. The central bank and the government have been long in