Bank Indonesia

QRIS vs. Kyuris: BI Boss Clarifies Common Misunderstanding

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QRIS vs. Kyuris: BI Boss Clarifies Common Misunderstanding

Indonesia‘s QRIS: Revolutionizing Digital Payments Globally Table of Contents Indonesia’s QRIS: Revolutionizing Digital Payments Globally QRIS’s Global Expansion QRIS: Indonesia’s Digital Payments revolution Indonesia’s rapid Response ⁣Code Indonesian Standard (QRIS) is​ making waves ⁢in the global financial landscape. This innovative digital payment system, already widely adopted ‍domestically, is rapidly expanding its reach internationally, offering a … Read more

Bank Indonesia Warns Public of Hoax Video on New Rupiah Currency

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Bank Indonesia Warns Public of Hoax Video on New Rupiah Currency

Jakarta, CNBC Indonesia – Bank Indonesia (BI) labeled a video upload hoax showing a printout of new rupiah notes with a nominal value of 1.0. The money is not a legal medium of exchange but is merely a house note. Photo: (Screenshot of Instagram @Bank_Indonesia)Advise Bank Indonesia on the issue of new currency. (Screenshot of … Read more

Bye Dollars! BI and the Central Bank of Korea Agree to Use Local Currency for Transactions

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Bye Dollars! BI and the Central Bank of Korea Agree to Use Local Currency for Transactions

Jakarta – Bank Indonesia (BI) and Bank of Korea (BOK) agreed on the use of local currency in financial and economic transactions (Local Currency Transaction/LCT). Thus, both countries no longer need to convert to United States (US) dollars. This agreement was made on the sidelines of the BI-BOK High Level Meeting today, Sunday (10/12/2023). It … Read more

Announcement! BI Fast Service Again Disrupted

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Announcement! BI Fast Service Again Disrupted

Jakarta – Bank Indonesia (BI)’s interbank transfer service, namely BI Fast, is temporarily closed. Bank Indonesia (BI) explained that the service is currently under repair. “Announcement regarding BI Fast Services. As a form of Bank Indonesia’s commitment to always prioritize the comfort and security of payment system transactions, Bank Indonesia will carry out activities to … Read more

No need to bother exchanging money, you can shop in Singapore using QRIS

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No need to bother exchanging money, you can shop in Singapore using QRIS

Jakarta – Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) inaugurated the implementation of cross-border QR payment interconnection between Indonesia and Singapore. This implementation allows customers from participating financial institutions to make inter-border retail payments by scanning the Quick Response Code Indonesian Standard (QRIS) or QR Network for Electronic Transfers Singapore (NETS). The … Read more

Bank Indonesia Focuses on Maintaining Rupiah Stability Amid Global Uncertainty

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Bank Indonesia Focuses on Maintaining Rupiah Stability Amid Global Uncertainty

Raja Ampat, CNBC Indonesia – Bank Indonesia (BI) has been more focused on maintaining rupiah stability in recent times. This is because the movement of the rupiah is in a weakening trend due to uncertainty originating from global sources, especially the United States (US). “It is important to continue to maintain the Rupiah so that … Read more

Live Rupiah Exchange Rate Today – Updates & Analysis

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Live Rupiah Exchange Rate Today – Updates & Analysis

Live Timeline 12:08 WIB 10:48 WIB 09:03 WIB Bisnis.comJAKARTA — Rupiah exchange rate Today tends to be overshadowed by a surge in the US dollar ahead of a speech by officials from the Federal Reserve (The Fed) who will offer direction on the benchmark interest rate policy. The US dollar strengthened in trading Wednesday (8/11/2023) … Read more

Live Rupiah Exchange Rate and Economic Update – November 8, 2023

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Live Rupiah Exchange Rate and Economic Update – November 8, 2023

Live Timeline 12:29 WIB 10:21 WIB 09:03 WIB Bisnis.comJAKARTA – Rupiah exchange rate Today it is predicted to continue weakening after being corrected in yesterday’s trading. Sentiment from abroad will be quite strong in influencing the rate of the rupiah. Forexindo Futures Profit Director Ibrahim Assuaibi said the rupiah currency today is predicted to fluctuate … Read more

Bank Indonesia Extends LTV/FTV Policy for Property and Vehicle Credit/Financing until December 2024

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Bank Indonesia Extends LTV/FTV Policy for Property and Vehicle Credit/Financing until December 2024

Jakarta – Bank Indonesia (BI) has decided to extend the relaxation of the Loan to Value/Financing to Value (LTV/FTV) ratio policy for property credit/financing from the previous one until December 2023 to 31 December 2024. This was done to encourage bank credit distribution. “All types of property (landed houses, flats, and shophouses) for banks that … Read more