All posts tagged "Bank Indonesia"
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200Asia-PacificChina, Indonesia Launches Local Currency Settlement Framework
Bank Indonesia has also recently expanded its local currency settlement frameworks with Japan, Malaysia and Thailand.
September 8, 2021 -
197Asia-Pacific
Bank Indonesia Raises Mandatory MSME Lending Thresholds
The mandatory minimum MSME lending requirements will be increased in phases. Lenders that fail to meet the thresholds will face a maximum penalty of IDR 5 billion.
September 8, 2021 -
288Asia-Pacific
Bank Indonesia Issues Framework for Open Banking
Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.
August 27, 2021 -
191Asia-Pacific
Thailand, Indonesia Pilot Cross-border QR Payment Link
The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.
August 18, 2021 -
142Asia-Pacific
Indonesia Launches First Electronic Market for Rupiah Trading
The launch of Refinitiv's Matching trading system is expected to increase liquidity, efficiency and price transparency.
July 12, 2021 -
172AML / KYC
Indonesia, Brunei to Cooperate on AML/CTF in Payments
The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.
July 3, 2021 -
200Asia-Pacific
Bank Indonesia Explores CBDC as Legal Payment Instrument
The central bank is assessing which platform and technology it will use to issue a digital rupiah as a legal digital payment instrument in Indonesia.
May 27, 2021 -
735Asia-PacificIndonesia Gives Deposit Insurer Powers to Prevent Bank Failures
The Indonesia Deposit Insurance Corporation can now raise its own funding and provide temporary liquidity support to banks outside of resolution.
July 19, 2020 -
829Asia-Pacific
Indonesia’s Planned Bank Regulation Reshuffle Will Take Time
President Joko Widodo's plan to return bank oversight functions to Bank Indonesia is unlikely to be an immediate fix for the ongoing Covid-19 related challenges.
July 8, 2020 -
667Asia-Pacific
Bank Indonesia Cuts Rates, Pledges More Bond-Buying
Bank Indonesia abandoned the practice of quantitative easing in 1999 to ensure fiscal discipline in the aftermath of the Asian financial crisis.
June 22, 2020
