Central Banking

Bank Indonesia Real Time Gross Settlement BI-RTGS

ARTICLE - Bank Indonesia began operating a Real Time Gross Settlement system in Bandung area on 5 June. With this system, inter-bank payments are settled in real time where the participant bank's accounts can be debited/credited several times per day.

At the Bank Indonesia Bandung Office on 5 June the use of Bank Indonesia Real Time Gross Settlement (BI-RTGS) system in Bandung area was officially instituted. With this system, inter-bank payments are settled per each transaction in real time

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