Indonesia
Counterfeit money major concern for SEACEN
Money counterfeiting has become a central issue for member countries in the South East Asian Central Bank (SEACEN), Bank Indonesia (BI) Deputy Governor Maulana R. Ibrahim said on Monday 5 January.
BI hands over money laundering authority to PTATK
Bank Indonesia has handed over the handling of suspicion transaction reports from banks to the PTATK in accordance with a new law, acording to a report by AFX Asia. The Financial Action Task Force on anti-money laundering had pressed for the new law to…
Supervisory body to boost BI's accountability
Indonesia's Minister of Finance, Boediono, has repeated the importance of establishing a supervisory board for Bank Indonesia's board of governors, a report in the Jakarta Post said. The idea has been opposed by Bank Indonesia but is meant to strengthen…
Indonesia behind on FATF AML deadline
Indonesia looks set to miss an FATF deadline to strengthen its anti-moneylaundering measures and could face penalties on its international financial transactions as a result, a senior central bank official told Dow Jones.
Bank Indonesia and government resolve disagreement
Bank Indonesia has resolved a long-standing dispute with its government, according to Dow Jones. The problem concerned the aftermath of the Asian financial crisis over how to account for the emergency funding. The resolution should see the government's…
BIS Board invites new member central banks to join
The Bank for International Settlements (BIS) Board has invited six central banks to BIS membership and appointed Hans Tietmeyer as Vice-Chairman of the Board of Directors of the BIS, 30 June.
Anti-money laundering FATF urge Indonesia to act
The Financial Action Task Force on Money Laundering could impose high-risk premiums on all financial transactions by Indonesian financial institutions if the government fails to amend the current anti-money laundering law by September, Dow Jones reports,
Bank Indonesia gov will monitor capital inflows
The recently appointed governor of Indonesia's central bank said that the bank will aim to maintain stability of the rupiah and will monitor capital inflows, according to Dow Jones.
Indonesia's parliament names new deputy governor
Hartadi Sarwono was elected as a deputy governor of Bank Indonesia on Tuesday 20 May by a parliamentary committee and Burhanuddin Abdullah was sworn in as the new governor of the central bank, according to a Dow Jones report.
Indonesia announces new central bank governor
A parliamentary commission on Monday 12 May selected Burhanuddin Abdullah to head Indonesia's central bank, according to a report by Channel News Asia Mr Burhanuddin won 34 votes from commission members while current central bank deputy governor Miranda…
Indonesian c bank director given three years' jail
Heru Supraptomo, a director with the Indonesian central bank, was jailed for three years on Thursday 3 April after he was found guilty of corruptly failing to properly monitor insolvent banks during the regional financial crisis, according to a report…
Indonesia names 3 possibles for central bank chief
Indonesian President Megawati Sukarnoputri has submitted to parliament three experienced central bankers as choices to replace central bank governor Sjahril Sabirin when his term expires in May.
Japan, Indonesia agree currency swap deal
Japan and Indonesia have agreed on a bilateral rupiah-dollar swap arrangement aimed at ensuring stability in the currency market by supplying short-term liquidity, the two countries said in a joint statement.
Indonesian bank supports rupiah after bomb blast
INDONESIA - The Indonesian central bank intervened to support the rupiah on Monday in the wake of car bomb blasts on the holiday island of Bali and analysts warned the bombings could weigh on currencies across the region.
Croatian, Indonesian central banks sign agreement
CROATIA - The HINA news agency in Zagreb reported on Monday that an agreement on understanding and cooperation between the Croatian and Indonesian central banks was signed at the Croatian National Bank on Monday during the visit of a delegation of Bank…
Bank Indonesia Press Release
PRESS RELEASE - Bank Indonesia management and staff rejoice at Jakarta High Court acquittal of Governor of Bank Indonesia, 30 August.
Indonesia's central bank chief cleared of charges
INDONESIA - In an unexpected move, the Jakarta High Court acquitted Bank Indonesia Governor Sjahril Sabirin of all charges in connection with his involvement in the 1999 Bank Bali scandal, overturning the decision of the Central Jakarta District Court to…
BI to make amendments to the constitution
ARTICLE - To meet the demands of reform, the People's Consultative Assembly (MPR) have amended the 1945 Constitution. Subsequent to the first, second and third phase of amendments, a number of articles are going through amendments in the current fourth…
Bank Indonesia and govt to resolve loan dispute
INDONESIA - Bank Indonesia is close to putting an end to a dispute with the government which has continued for two years. A final agreement has yet to be reached to this problem which is rooted in the billions of dollars in liquidity support channeled to…
Breather won by Bank Indonesia on $1.3bn loans
INDONESIA - Bank Indonesia has reached a rescheduling agreement with the London Club of commercial creditors to extend the repayment period of loans worth around $300 million to 17.5 years, while other loans worth $1 billion will be extended for 10…
Convicted BI chief to miss IMF meeting
INDONESIA - Bank Indonesia Governor Sjahril Sabirin will skip the annual meeting of the International Monetary Fund (IMF) in Washington this weekend, following the conviction in the Bank Bali scandal last month that bans him from leaving the country.
Indonesia to decide on new central bank deputies
INDONESIA - Parliament is in the process of choosing two new central bank deputies after receiving nominations from Bank Indonesia's troubled governor Sjahril Sabirin on Wednesday.
Saga of the convicted central bank governor
FEATURE - Bank Indonesia, which until early February still rejected Bank Bali claims as ineligible, suddenly reversed its policy. Erman Munzir, director of the banking development division at the central bank, at Pande's request, assigned a special team…
IMF warns of new bank regulator
INDONESIA - Creating a new financial regulator is by no means a simple task. And a new entity in the making shows the potential for dragging the banking sector through a detour in its road to recovery, according to one study by the International Monetary…