On Monday evening, Indonesia’s Corruption Eradication Commission (KPK), the anti-graft agency, did a raid at the headquarters of the Central Bank in Jakarta due to the indictments of misusing the CSR (Corporate Social Responsibility) Funds. Though this incident hasn’t been revealed or confirmed by the authorities of the bank, the spokesperson from the anti-graft agency has spoken about it. It …

The Indonesian rupiah exchange rate weakened to the US dollar with a correction of more than 100 points in early trading today, Wednesday, September 2. The Bank Indonesia (BI) middle rate or the Jakarta Interbank Spot Dollar Rate / Jisdor rate is at IDR 14,804. Rupiah weakened 1.29 percent compared to the previous day’s position. Not only the rupiah, but …

Bank Indonesia (BI) will cut the minimum down payment for automotive loan/financing specifically for the purchase of eco-friendly vehicles to zero (0) percent. This policy takes effect from October 1, 2020. Currently, the minimum down payment limit is between 5 percent and 10 percent. “Lowering the minimum down payment limit from 5 percent -10 percent to 0 percent in the …

A brand new Rp 75,000 banknote was launched by Minister of Finance Sri Mulyani Indrawati and Governor of Bank Indonesia (BI) Perry Warjiyo, Monday, August 17. The launch of this money is a form to commemorate Indonesia’s 75th Independence Day. It is for the first time in the history of Indonesia issues a Rp 75,000 bill. Bank Indonesia said the …

Many services that involve social interaction will be temporarily canceled, starting from Monday, March 16, 2020. This was conveyed by the Executive Director of the Communication Department of Bank Indonesia or BI Onny Widjanarko, Tuesday (17/3). Onny explained, this was done as a form of prevention in response to the spread of the corona virus or Covid-19 in Indonesia. Because, …

All national banks are asked to reduce their lending rates to reduce the impact of the spread of the corona virus or Covid-19. This was confirmed by the Coordinating Minister for Economic Affairs Airlangga Hartarto in Jakarta on Thursday (5/3). According to Airlangga, the government has held joint meetings with Bank Indonesia, the Financial Services Authority (OJK) and banking companies …