Indonesia
IMF reach compromise over central bank law changes
INDONESIA - Indonesia appears to be making some headway in its efforts to get fresh loans from the International Monetary Fund.
Indonesia expects smooth talks with IMF mission
INDONESIA - Indonesia's chief economics minister said on 4 July he expected smooth talks with an IMF team due to arrive this week on a mission aimed at paving the way for resumption of a $5 billion loan programme.
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.
Indonesia Bank deputy takes economic minister post
INDONESIA - Floundering Indonesian President Abdurrahman Wahid reshuffled his economic ministers on 12 June, a move analysts dismissed as pointless and not enough to save him from impeachment in August.
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.
Bank Indonesia will keep stable monetary policy
INDONESIA - Bank Indonesia said on 15 May that it will consistently maintain a prudent monetary policy and that high inflationary pressures are likely to be a great challenge until the end of the year.
Bank Indonesia revises up 2001 inflation forecast
INDONESIA - Indonesia's central bank said on 14 May it expected to revise up its 2001 inflation forecast due in part to the weak rupiah, but added the rate should remain below 10 percent.
Bank Indonesia - Annual Report 2000
REPORT - Bank Indonesia reports that economic recovery has improved and that economic growth in the year exceeded expectation.
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 …
IMF urges Indonesia to maintain tight mon policy
INDONESIA - An IMF official has suggested that Bank Indonesia should be more flexible in adopting tight monetary, which is aimed at curbing the inflation and reducing pressure on the rupiah.
Bank Indonesia governor says he can't be replaced
INDONESIA - Bank Indonesia Governor Syahril Sabirin said that President Wahid would not be successful in removing him from office because regulations prevented it.
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.
RBNZ's Brash to help Indonesia on central bank law
NEW ZEALAND/INDONESIA - Reserve Bank of New Zealand governor Donald Brash said on Mar 26, 2001 he was going to Indonesia on Apr 2 to help advise on a new central bank law.
Propping up the rupiah was 'right move'-deputy gov
Bank Indonesia has made the right move in propping up the rupiah, BI Deputy Governor Miranda S Goeltom said on Mar 22, 2001.
Chile and NZ advise on Indonesian central bank law
The central bank governors of Chile and New Zealand will arrive on April 4 to join two Indonesian experts in the discussion on how to amend Indonesia's central bank law.
Indonesian cbank ponders Standard Chartered fine
NEWS - Bank Indonesia has agreed to look again at fines levied for breaches of forex dealing regulations after Standard Chartered complained the penalites were excessive in response to "operational errors" which had been quickly corrected.
Indonesia says postpones c.bank law debate to May
Indonesia said on Mar 14, 2001 it had postponed hearings on controversial central bank law changes, a move that could help break a deadlock in negotiations with the IMF.
Indonesian rupiah breaches 11,000 as worries grow
The Indonesian rupiah slid past 11,000 per dollar on Mar 12, 2001, extending early losses after the central bank said it had limited ability to defend the currency.
Sjahril, Akbar discuss reshuffle at Bank Indonesia
Bank Indonesia Governor Syahril Sabirin plans to meet Speaker of the House of Representatives Akbar Tandjung on Mar 6, 2001 to discuss the list of candidates proposed to replace deputy governors Achwan and Dono Iskandar.