Bank Indonesia

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

Indonesia’s Unique Approach to Monetary Regulation Ignored by IMF: Bank Indonesia Governor, Perry Warjiyo

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Indonesia’s Unique Approach to Monetary Regulation Ignored by IMF: Bank Indonesia Governor, Perry Warjiyo

Jakarta – Governor of Bank Indonesia (BI) Perry Warjiyo revealed that Indonesia has its own way of regulating the monetary sector. In fact, BI often carries out policies that are out of the ordinary. According to him, the International Monetary Fund (IMF) often reprimands and advises BI regarding its policies. However, they still did not … Read more

Bank Indonesia Sets 0.3% MDR Fee for QRIS Transactions: Impact on Micro Business Actors

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Bank Indonesia Sets 0.3% MDR Fee for QRIS Transactions: Impact on Micro Business Actors

Jakarta – Bank Indonesia (BI) determines the Merchant Discount Rate (MDR) fee QRIS 0.3% for micro business actors is charged for transactions of IDR 100,000 and above. That way transactions of IDR 100,000 and below are free of charge. BI Governor Perry Warjiyo said this policy would be effective as soon as September 1, 2023 … Read more

US Dollar Strengthens to Break IDR 15,000: What Bank Indonesia Says

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US Dollar Strengthens to Break IDR 15,000: What Bank Indonesia Says

Jakarta – United States (US) Dollar back to strengthening. This morning, the US dollar broke the level of IDR 15,000. What does Bank Indonesia (BI) say? Head of Bank Indonesia’s Monetary Management Department, Edi Susianto, said that externally there were a number of sentiments. One of them is the issue of the US debt ceiling. … Read more

“Indonesian Financial System Shows Strong Defense Amid Fragile Global Markets: Bank Indonesia Report”

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“Indonesian Financial System Shows Strong Defense Amid Fragile Global Markets: Bank Indonesia Report”

Jakarta – Bank Indonesia (BI) notes that the stability of the Indonesian financial system until March 2023 shows strong defense. This happened in the midst of a fragile United States (US) financial system where a number of banks went bankrupt. “Indonesia’s financial system is resilient in facing the impact of the closure of a number … Read more