Indonesian Bank under Inquiry for Alleged CSR Corruption Table of Contents Indonesian Bank under Inquiry for Alleged CSR Corruption indonesian Bank’s CSR Practices Under Scrutiny Indonesian Bank’s CSR Practices Face Scrutiny Amid Corruption Concerns Interview with Dr. Aninditha Cilianda on Indonesian Bank’s CSR Inquiry JAKARTA, Indonesia – The Corruption Eradication Commission (KPK) of Indonesia is … Read more
International Counterfeit Ring Busted: Millions in Fake currency Seized In a major international crackdown, authorities in Indonesia and Singapore have dismantled a sophisticated counterfeit money operation, netting millions of dollars in fake currency and leading to numerous arrests. The coordinated effort highlights the global reach of such criminal enterprises and the collaborative efforts needed … Read more
Indonesia’s Central Bank Stands Pat on Interest Rates, Prioritizing Rupiah Stability Table of Contents Indonesia’s Central Bank Stands Pat on Interest Rates, Prioritizing Rupiah Stability Indonesia’s Central Bank Governor Calls for Interest Rate Cuts Indonesia holds Rates Steady: Prioritizing Rupiah Stability over US Interest Rate Alignment JAKARTA, Indonesia – In a move that surprised some … Read more
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
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
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
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
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
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 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