Bank Indonesia (BI)
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…
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.
Sabirin verdict - Bank Indonesia suspect foul play
FEATURE - Sjahril Sabirin, the governor of Bank Indonesia, has been accused of corrupt practices; Bank Indonesia is suggesting that the courts are guilty of the same crime. The bank alleges that underhand methods are being used to ensure its governor's…
IMF supports Indonesian plan for independent team
INDONESIA - Finance Minister Boediono said that the International Monetary Fund (IMF) has lent its support to plans to create an independent team to determine the burden-sharing for the controversial Bank Indonesia emergency loan (BLBI).
Govt plans supervisory board for Bank Indonesia
INDONESIA - The government plans to set up a supervisory board within Bank Indonesia as one of several measures under the new central bank bill to increase its accountability.
Sjahril's verdict on 6 March
INDONESIA - The Central Jakarta District Court is scheduled to present its verdict on Bank Indonesia Governor Sjahril Sabirin on 6 March.
Government seeks new amendment on BI law
INDONESIA - The government has resumed talks with legislators on the long suspended amendment of the central bank law, expanding the scope of discussion from Bank Indonesia's accountability to the entire law if need be, a legislator said.
Bank Indonesia hopes to sell subsidiary in Holland
INDONESIA - Bank Indonesia said six prospective investors have shown an interest in purchasing its wholly-owned subsidiary, Indover Bank in the Netherlands.
Delay in naming new c bank dep gov in Indonesia
INDONESIA - The House of Representatives is expected to delay the appointment of three new Bank Indonesia deputy governors because of a month-long recess starting Wednesday, the Jakarta Post reports.
New audit won't affect criminal process, Indonesia
INDONESIA - Finance Minister Boediono guaranteed on Tuesday that a new audit on the abuse of US$13 billion of Bank Indonesia emergency loans would not put an end to criminal investigations.
Outsiders part in BI dep gov selection opposed
INDONESIA - A legislator Sunday denied reports on the involvement of outsiders in the House of Representatives (DPR)'s selection of a Bank Indonesia (central bank) deputy governor.
House likely to delay BI deputy governors decision
INDONESIA - The House of Representatives is likely to delay the appointment of three new Bank Indonesia deputy governors, as legislators will start a month-long recess on Wednesday.
BI won't freeze bin Laden's assets
INDONESIA - Bank Indonesia has refused to freeze financial assets linked to Osama bin Laden as demanded by the U.S. government, according to Antara news agency.
House to choose BI deputy governors next month
INDONESIA - The House of Representatives will choose new deputy governors for Bank Indonesia in the second week of October, ending the vacuum which has left the three positions empty since early this year.
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.
No policy change despite emergency, Bank Indonesia
INDONESIA - The governor of Indonesia's central bank said yesterday, 23 July the country's foreign exchange and monetary policy remained unchanged despite President Abdurrahman Wahid's declaration of a state of emergency earlier in the day.
New London Rep for Bank Indonesia
UK - The London office of Bank Indonesia has a new Chief Representative.
Bank Indonesia extends capital adequacy deadline
INDONESIA - Bank Indonesia has extended its deadlines for banks to achieve a minimum capital adequacy ratio (CAR) of 8 per cent.
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…
Indonesia set on sacking central bank board
Indonesia - Indonesia on 21 June insisted on going ahead with the controversial sacking of the central bank board but was prepared to add to a revised law on Bank Indonesia (BI) to ensure its independence.
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.
Bank Indonesia tight monetary policy remains
INDONESIA - Indonesia's central bank said on 1 June that the country's political instability would prevent it from loosening monetary policy in the short term, even though the ailing rupiah has shown some strength.
Government proposals rejected by bank panel
INDONESIA - An independent panel formed to review proposed changes to Indonesia's central bank law has rejected a proposal that will allow the president to dismiss the central bank's board of governors.