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

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

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

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”

“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

Bank Indonesia Launches Government Credit Card for Central and Regional Agencies

Bank Indonesia Launches Government Credit Card for Central and Regional Agencies

Jakarta – Government Credit Card (KKP) has been launched by Bank Indonesia (BI). This special domestic credit card can be used by government agencies, both central and regional, to purchase goods and services. This Government Credit Card (KKP) product issued by BI will be supported by the National Payment Gateway (GPN) payment system. “We will … Read more

These 8 Scraped Coins Cost Up to Hundreds of Millions, There Are 25 Silver Fractions!

These 8 Scraped Coins Cost Up to Hundreds of Millions, There Are 25 Silver Fractions!

PALEMBANG, PALPRES.COM – People in Indonesia have recently been shocked by the news about ancient coins or coins, which are valued at up to hundreds of millions of rupiah. Ancient coins do have their own charm for collectors, who are even willing to spend a lot of money to own them. If you have 8 … Read more

4 Facts about the IDR 1,000 coin for palm oil valued at IDR 250 million, is it really made of gold?

4 Facts about the IDR 1,000 coin for palm oil valued at IDR 250 million, is it really made of gold?

JAKARTA, PALPRES.COM – Of course, people are wondering how coins with a nominal value of IDR 1,000 can sell for up to hundreds of millions of rupiah. Then if you have it, how can you sell it. Some of these questions must have crossed anyone’s mind. After the viral information regarding the sale price of … Read more

BI Expected to Stop Raising Interest Rates! Happy or Beware?

BI Expected to Stop Raising Interest Rates!  Happy or Beware?

Jakarta, CNBC Indonesia – Market participants are starting to expect Bank Indonesia (BI) to loosen its aggressive monetary policy by holding its benchmark interest rate this month. BI will hold a Board of Governors Meeting (RDG) on Wednesday and Thursday (18-19 January 2023). Collected market consensus CNBC Indonesia divided between those projecting an increase in … Read more