Bank Indonesia

Bank Indonesia
Christopher Jeffery
Brief History

Bank Indonesia was established on 1 July 1953 based on the Principle Act on Bank Indonesia No. 11 of 1953, replacing De Javasche Bank (DJB) that was established by the Government of Nederlands-Indische as the central bank to issue and circulate currency. Based on that Act, Bank Indonesia then assumed three main duties: monetary policy, banking regulation and supervision, and payment system. In addition, Bank Indonesia also carried out various functions as a commercial bank

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