Minister of Finance Sri Mulyani: Our Debt Slumped Very Sharply

Tuesday, March 29, 2022 – 06:55 WIB Minister of Finance (Menkeu) Sri Mulyani Indrawati said that the state budget financing through debt fell 66.1 percent during January-February 2021. Photo: Ricardo/jpnn.com jpnn.com, JAKARTA – Minister of Finance (Menkeu) Sri Mulyani Indrawati said that the financing of the state budget through debt fell 66.1 percent during January-February … Read more

Bad news from BI, makes you nervous

Tuesday, 22 March 2022 – 06:56 WIB Governor of Bank Indonesia (BI) Perry Warjiyo provides views regarding the global economy in 2022. Photo: Ricardo/JPNN.com jpnn.com, JAKARTA – Governor of Bank Indonesia (BI) Perry Warjiyo provides views regarding the global economy in 2022. According to Perry, imbalance global economy still continuing due to differences in the … Read more

Indonesia-China Agree to Burn US Dollars!

Jakarta, CNBC Indonesia – Bank Indonesia (BI) and China’s central bank (People’s Bank of China/PBoC) recently renewed the agreement swap bilaterally in local currency (Bilateral Currency Swap Arrangement/BCSA). With this agreement, the use of the United States (US) dollar will be reduced and BI will be better prepared to face the turmoil that could result … Read more

BI Starting to Become an ‘Eagle’?

Jakarta, CNBC Indonesia – Bank Indonesia (BI) yesterday announced the results of the January 2022 edition of the Board of Governors’ Meeting (RDG). As a result, BI decided to maintain the benchmark interest rate. This decision is in line with the market consensus compiled by CNBC Indonesia. “The Bank Indonesia Board of Governors (RDG) meeting … Read more

Savings Get 1% Interest, Borrowing Must Pay 10%

Jakarta, CNBC Indonesia – Bank credit growth is still relatively low. Until the end of 2021, bank credit growth according to Bank Indonesia (BI) records only reached 5.24%. Willem A. Makaliwe, Managing Director of the FEB UI Management Institute, assessed that this was due to the high loan interest rates provided by banks. Where the … Read more

The end of the ATM is getting closer, here’s the proof!

Jakarta, CNBC Indonesia – Economic transactions and digital finance are growing. Bank Indonesia noted that the value of digital banking transactions increased 45.64% (yoy) to Rp 39,841.4 trillion during 2021. The increase is expected to be even greater this year. This increase is inseparable from the behavior of people who prefer to shop online or … Read more

The ‘Apocalypse’ of Banknotes Is Getting Closer, BI Reveals the Latest Facts!

Jakarta, CNBC Indonesia – The widespread availability of digital payment systems has encouraged the use of currency, both paper money and coins, being increasingly abandoned by the Indonesian people, meaning that the ‘doomsday’ for paper money is getting closer. Governor of Bank Indonesia (BI) Perry Warjiyo revealed that digital economic and financial transactions are growing … Read more

It’s quite a relief, China is no longer a threat to Indonesia!

Jakarta, CNBC Indonesia – Bank Indonesia believes that there will be no stagflation in China as many have suspected. Signs of improvement in China’s economy have begun to appear at the end of this year. “We ourselves still believe that there will be no stgaflation in China,” said Head of the Department of Monetary Management … Read more

What’s the news about the plan to change Rp. 1,000 to Rp. 1?

Jakarta – The plan to simplify the value of the currency or redenomination or Rp. 1,000 to Rp. 1 has been rolled out since 2020. The government has even proposed to be included in the Ministry of Finance’s 2020-2024 strategic plan. In the fit and proper test for the candidate for Deputy Governor of Bank … Read more

Indonesia’s Economy Grows 3.5%, BI Admits Its Forecast Has Failed

Jakarta, CNBC Indonesia – Governor of Bank Indonesia (BI) Perry Warjiyo revealed that the realization of economic growth in the third quarter which grew 3.51% (year on year) was far from BI’s target. Perry said that BI is targeting economic growth in the third quarter of 2021 at 5% (year on year). “Economic growth in … Read more