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Headquarters Jakarta, Indonesia

Established 1 July 1953

Governor Agus Martowardojo

Central bank of Indonesia

Currency Indonesian rupiah IDR (ISO 4217)

Website www.bi.go.id

Bank Indonesia
Indonesia
(BI) is the central bank of the Republic of Indonesia. Agus Martowardojo, formerly the finance minister, is the current governor. The last governor before Agus Martowardojo
Agus Martowardojo
was Darmin Nasution who resigned at 23 May 2013. Agus Martowardojo
Agus Martowardojo
was sworn in by president Susilo Bambang Yudhoyono
Susilo Bambang Yudhoyono
on 23 May 2013. Finance Minister Sri Mulyani Indrawati
Sri Mulyani Indrawati
was proposed as a candidate for governor of BI in 2009. However, the suggestion did not proceed and she later left the cabinet on 5 May 2010 and moved to the World Bank Group as Managing Director. [1][2] By 26 March 2013, panel of Indonesian parliament member approved Finance Minister Agus Martowardojo
Agus Martowardojo
to become the central bank governor.

Contents

1 History 2 Organization 3 Strategic objectives

3.1 National Payment Gateway 3.2 Bank Indonesia
Indonesia
Liquidity Support

4 Offices

4.1 Indonesian offices 4.2 Worldwide representative offices

5 List of Governors 6 See also 7 References 8 External links

History[edit]

The office of De Javasche Bank in Batavia (old Jakarta), presently the Bank Indonesia
Indonesia
Museum.

King William I of the Netherlands granted the right to create a bank in the Indies in 1826 which was named "De Javasche bank" or "The Java Bank". It was founded on 24 January 1828 and later became the circulation bank of the Dutch East Indies. The bank regulated and issued the Netherlands Indies gulden. In 1881, an office of the Java Bank was opened in Amsterdam. Later followed the opening of an office in New York. By 1930 the bank owned sixteen office branches in the Dutch East-Indies: Bandung, Cirebon, Semarang, Yogyakarta, Surakarta, Surabaja, Malang, Kediri, Banda Aceh, Medan, Padang, Palembang, Banjarmasin, Pontianak, Makassar, and Manado. The Java Bank was operated as a private bank and individuals as well as industries etc. could get help in the bank’s offices.[1]

The branch of De Javasche Bank in Bandung, built in 1918, it is a museum today.

Bank Indonesia
Indonesia
was founded on 1 July 1953 from the nationalisation of De Javasche Bank, three years after the recognition of Indonesia's independence by Netherlands. [2] For the next 15 years, the Bank of Indonesia
Indonesia
carried on commercial activities as well as acting as the nation’s national bank and is in charge in issuing Rupiah
Rupiah
currency. This came to an end with the Law No.13/1968 on the Central Bank, which was subsequently replaced by Law No.23/1999, giving the bank independence. Thereafter, the bank reported to the parliament (People's Representative Council) instead of the president, and the bank’s governor was no longer a member of the cabinet. Organization[edit] The bank is led by the board of governors, comprising the governor, a senior deputy governor and at between four and seven deputy governors. The governor and deputy governors serve a five-year term, and are eligible for re-election for a maximum of two terms. The governor and senior deputy governor are nominated and appointed by the president, with approval from the People's Representative Council. Deputy governors are nominated by the governor and appointed by the president, with approval of the People's Representative Council. The president has no power to dismiss a member of the board, except when a board member voluntarily resigns, is permanently handicapped, or is proven guilty of criminal offence. The Board of Governors Meeting is the bank’s highest decision-making forum. It is held at least once a month to decide on general policy on monetary affairs, and at least once a week to evaluate policy implementation or to decide on other strategic and principle policy. The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion. It hosted AFI's second annual Global Policy Forum (GPF) [3] in Bali, Indonesia in 2010. On 14 May 2012 Bank Indonesia
Indonesia
announced it would be making specific commitments to financial inclusion under the Maya Declaration. By 30 December 2013, the bank's microprudential supervision functions will be transferred to Financial Services Authority (Indonesia). In the future, the bank will maintain Indonesian financial system and monetary stability through mixture of monetary and macroprudential instruments and policies. Strategic objectives[edit] The Bank describes its strategic objectives as being [4]:

Maintain monetary stability Maintain the financial sustainability of the Bank of Indonesia Strengthen the effectiveness of monetary management Create a sound and effective banking system and financial system stability Maintain the security and effectiveness of the payment system Increase the effectiveness of Good Governance implementation Strengthen the organisation and build highly competent human resources with the support of a knowledge-based work culture Integrate the Bank of Indonesia's transformation in line with Bank Indonesia's destination statement of 2008

National Payment Gateway[edit] The aim is to integrate all Automated Teller Machines in ASEAN countries, beginning with integration first in each country. On 16 January 2012 interconnection between Bank Mandiri
Bank Mandiri
ATMs and Bank Central Asia ATMs (Prima ATMs) was launched.[3] Bank Indonesia
Indonesia
Liquidity Support[edit] Bank Indonesia
Indonesia
Liquidity Support is an Indonesian government policy that was formulated with Bank Indonesia
Indonesia
in the crisis period and executed by Bank Indonesia
Indonesia
to rescue the monetary and banking system as well as the economy as a whole. It was partly based on the instruction and command of the President in the limited meeting of economic, finance, and development supervision and production and distribution on 3 September 1997. This policy was provided under various emergency lending schemes (Fasilitas Diskonto I/Fasdis I, Fasdis II, Fasilitas SBPU, Fasilitas SBPUK, Fasilitas Diskonto Baru and Dana Talangan). Offices[edit] BI operates 37 offices across Indonesia, and four representative offices in New York City, London, Tokyo
Tokyo
and Singapore. In addition, Bank Indonesia
Indonesia
also operates a well-appointed museum (Museum Bank Indonesia) which is housed in the former De Javasche Bank head office building in old Jakarta
Jakarta
(Kota). Indonesian offices[edit] Bank Indonesia
Indonesia
have branches in almost all major cities of Indonesia.

Bank Indonesia
Indonesia
in Medan

Bank Indonesia
Indonesia
in Banjarmasin

Bank Indonesia
Indonesia
in Surakarta

Bank Indonesia
Indonesia
in Yogyakarta

Bank Indonesia
Indonesia
in Padang

Bank Indonesia
Indonesia
in Palembang (1950s)

Town Hall and Bank Indonesia
Indonesia
in Medan
Medan
(formerly De Javasche Bank)

De Javasche Bank in Surabaya

De Javasche Bank in Malang

De Javasche Bank in Banda Aceh

Worldwide representative offices[edit]

Singapore: 11 Collyer Quay 08-01 The Arcade Singapore
Singapore
049317.[4] London: 10 City Road, London
London
EC 1Y 2EH. Tokyo: New Kokusai Building Room 906 No.4 - 1, Marunouchi 3 - Chome Chiyoda-ku, Tokyo, 100-0005 Japan. New York: One Liberty Plaza 165 Broadway, 31st floor New York N.Y. 10006.[5]

List of Governors[edit]

Name Period

Radius Prawiro 1966–1973

Rachmat Saleh 1973–1983

Arifin Siregar 1983–1988

Adrianus Mooy 1988–1993

J. Soedradjad Djiwandono 1993–1998

Syahril Sabirin 1998–2003

Burhanuddin Abdullah 2003–2008

Boediono 2008–2010

Darmin Nasution 2010–2013

Agus Martowardojo 2013–on-going

Perry Warjiyo Nominee

See also[edit]

Indonesia
Indonesia
portal

Economy of Indonesia Indonesian rupiah List of banks in Indonesia Payment system Real-time gross settlement

References[edit]

^ http://www.indonesia-dutchcolonialheritage.nl/jakhistoricalsites/Hosp.pdf ^ Cribb, Robert & Kahin, Audrey (2004). Historical Dictionary of Indonesia. Historical dictionaries of Asia, Oceania, and the Middle East (2nd ed.). Lanham, MD: Scarecrow Press. pp. 45–46. ISBN 978-0-8108-4935-8.  ^ "Senin Besok, ATM Mandiri Mulai Koneksi BCA". 14 January 2012.  ^ "MASNET". mas.gov.sg. Retrieved 7 July 2015.  ^ "Halaman Tidak Dapat Ditemukan - Bank Sentral Republik Indonesia". bi.go.id. Retrieved 7 July 2015. 

External links[edit]

Bank Indonesia
Indonesia
official website

v t e

Banks in Indonesia

Central bank: Bank Indonesia

Conventional banks

State-owned banks

Bank Mandiri Bank Negara Indonesia Bank Rakyat Indonesia Bank Tabungan Negara

National private foreign exchange banks

Bank Agroniaga Bank Anda Bank Artha Graha Internasional Bank Bukopin Bank Bumi Arta Bank Capital Indonesia Bank Central Asia Bank CIMB Niaga Bank Danamon Bank Ekonomi Raharja Bank Ganesha Bank Hana Bank Himpunan Saudara 1906 Bank ICB Bumiputera Bank ICBC Indonesia Bank Index Selindo Bank Maybank Indonesia Bank Maspion Bank Mayapada Bank Mega Bank Mestika Dharma Bank Metro Express Mutiara Bank Bank Nusantara Parahyangan Bank OCBC NISP Bank of India Indonesia Panin Bank Bank Permata Bank QNB Kesawan Bank SBI Indonesia Bank Sinarmas Bank UOB Indonesia

National private non-foreign exchange banks

Anglomas Internasional Bank Bank Andara Bank Artos Indonesia Bank Bisnis Internasional Centratama Nasional Bank Bank Dipo International Bank Fama Internasional Bank Harda Internasional Bank Ina Perdana Bank Jasa Jakarta Bank Kesejahteraan Ekonomi Bank Liman International Bank Mayora Bank Mitraniaga Bank Multi Arta Sentosa Bank Nationalnobu Prima Master Bank Bank Pundi Indonesia Bank Royal Indonesia Bank Sahabat Purba Danarta Bank Sinar Harapan Bali Bank Tabungan Pensiunan Nasional Bank Victoria Internasional Bank Yudha Bhakti

Regional banks

Bank Jambi Bank Kalsel Bank Kaltim Bank Sultra Bank BPD DIY Bank Nagari Bank DKI Bank Lampung Bank Kalteng Bank BPD Aceh Bank Sulsel Bank BJB Bank Kalbar Bank Maluku Bank Bengkulu Bank Jateng Bank Jatim Bank NTB Bank NTT Bank Sulteng Bank Sulut Bank BPD Bali Bank Papua Bank Riau Kepri Bank Sumsel Babel Bank Sumut

Joint-venture banks

Bank ANZ Indonesia Bank Commonwealth Bank Agris Bank BNP Paribas Indonesia Bank Capital Indonesia Bank Chinatrust Indonesia Bank DBS Indonesia Bank KEB Indonesia Bank Mizuho Indonesia Bank Rabobank International Indonesia Bank Resona Perdania Bank Sumitomo Mitsui Indonesia Bank Windu Kentjana International Bank Woori Indonesia

Foreign banks

Bank of America Bangkok Bank Bank of China Citibank Deutsche Bank HSBC JPMorgan Chase Royal Bank of Scotland Standard Chartered Bank of Tokyo-Mitsubishi UFJ

Sharia banks

State-owned banks

Bank BNI Syariah Bank Muamalat Bank Syariah Mandiri

National private foreign exchange banks

BCA Syariah Bank BJB Syariah Bank BRI Syariah Bank Mega Syariah Panin Bank Syariah Bank Syariah Bukopin Bank Victoria Syariah

Joint-venture banks

Bank Maybank Syariah Indonesia

Sharia business units of conventional banks

State-owned banks

Bank BTN Syariah

National private foreign exchange banks

Bank Danamon
Bank Danamon
Syariah CIMB Niaga Syariah BII Syariah OCBC NISP Syariah Bank Permata
Bank Permata
Syariah

Regional banks

Bank BPD Aceh Syariah Bank BJB Syariah Bank DKI Syariah Bank Kalbar Syariah Bank Kalsel Syariah Bank NTB Syariah Bank Riau Kepri Syariah Bank Sumsel Babel Syariah Bank Sumut Syariah

Foreign banks

HSBC
HSBC
Amanah

v t e

Central banks

Global

Bank for International Settlements Basel Committee on Banking Supervision Financial Stability Board

Policies

Capital requirement Contractionary monetary policy Expansionary monetary policy Basel II Basel III Basel 4

Implementation

Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund

Bretton Woods system

International Monetary
Monetary
Fund World Bank
World Bank
Group

International Bank for Reconstruction and Development International Centre for Settlement of Investment Disputes International Development Association International Finance Corporation Multilateral Investment Guarantee Agency

Lists

List of central banks Central banks and currencies of Africa Central banks and currencies of Asia-Pacific Central banks and currencies of the Caribbean Central banks and currencies of Europe Central banks and currencies of Central America and South America

Coordinates: 6°10′54″S 106°49′17″E / 6.18167°S 106.82139°E / -

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