Indonesia

BI governor surrenders passport

INDONESIA - Bank Indonesia governor Sjahril Sabirin handed over on Tuesday 25 September his passport to the Directorate General of Immigration in response to the government regulation that bans crime suspects from travelling overseas.

Indonesia's 2002 budget to be drained by debt

INDONESIA - Indonesia will unveil on 7 September a draft budget constrained by a mountain of debt that has left President Megawati Sukarnoputri's government with barren coffers and few options to prove it can fix the shattered economy.

Indonesia c-bank implements new settlement system

INDONESIA - Bank Indonesia (BI), the Indonesian central bank, has implemented the Real-Time Gross Settlement (RTGS) system in Bandung. RTGS facilitates high-speed, high-value transactions. BI will also use RTGS to monitor the liquidity of banks and as an…

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.

Currency crisis could oust Wahid

INDONESIA - The Indonesian rupiah has plummeted to new lows. In April 2001, Indonesia was rocked by more political instability as Indonesian President, Abdurrahman Wahid, was threatened with impeachment.

Former BI governor interviewed over graft case

According to a report in the Jakata Post, former Bank Indonesia (BI) governor Adrianus Mooy was interviewed by the Indonesian Attorney General on Monday 1 May over a graft case involving state-owned investment company PT Bahana Pembinaan Usaha Indonesia …

New Basel Accord reduces power of bank regulators

CENTRAL BANK RESEARCH - Wimboh Santoso from Bank Indonesia has published a paper "Capital adequacy assessment with respect to market risk". He concludes that the adoption of VaR in the banking industry will reduce the power of regulators to control banks…

Central bank should be more accountable - panel

INDONESIA - The independent panel set up to review Bank Indonesia Law recommended amendments to increase the accountability of the central bank's board of governors, a government official said on Apr 9, 2001.

Bank Indonesia to pay govt 2 trillion rupiahs

INDONESIA - The Indonesian government said it intended to collect around Rp2 trillion in taxes from central Bank Indonesia in the near future to help plug the expected deficit in the 2001 state budget resulting from the rupiah depreciation.

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