Indonesian Banking System
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Overview
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Indonesian banking system By :Adil.M.A.Khan M.S.(Banking)
overview
Ø 1997 East Asian Crisis Ø Indonesian rupiah Ø Bank of Indonesia Ø Evolution Ø Major Functions Ø Indonesian Banking Architecture (API). Ø Sharia Compliant Banking
East Asian financial crisis Started in Thailand with the financial collapse of the Thai baht
In June 1997, Indonesia seemed far from crisis.
Rupiah came under attack by speculators after govt. widened trading band from 8% to 12%
Moody's eventually downgraded Indonesia's longterm debt to 'junk bond’
Indonesia lost 13.5% of its GDP that year.
Indonesian rupiah Freq. used Rp 1000, Rp 5000, Rp 10 000, Rp 20 000 Rp 50 000, Rp 100 000 Also called "perak" ('silver' in Indonesian) Rupiah is subdivided into 100 sen US$1 generally worth about 10,000 rupiah
Bank of Indonesia Founded on July 1, 1953 The banking system of Indonesia consists of Bank of Indonesia (the central bank), Commercial banks, and regional credit banks. Head office is located in Jakarta
Indonesian banking architecture
Evolution
Under Act No.13 Year 1968 assisted the government to achieve several goals.
On May 17, 2000, the Act No. 23 Year 1999 was enacted making it a independent central bank free from the interference of other parties or the government.
38 offices throughout the country .
Using monetary policy to maintain the stability of financial and exchange Major Functions markets
Ensuring the stability of the financial system through stricter governance
Upgrading of financial infrastructures.
Carries out the clearing, money market operations, and supervision of banks.
Indonesian Banking Architecture (API). Launched on January 9, 2004 To enable the banking industry to operate prudently, Bring itself into line with international standards Pay greater attention to customer rights
Sharia Compliant Banking Grew 50% in 2006 “office channeling” allowed Hajj pilgrimage accounts Accounts for 1.1 percent of total funds Will account for 10% by 2011
overview
Ø 1997 East Asian Crisis Ø Indonesian rupiah Ø Bank of Indonesia Ø Evolution Ø Major Functions Ø Indonesian Banking Architecture (API). Ø Sharia Compliant Banking
East Asian financial crisis Started in Thailand with the financial collapse of the Thai baht
In June 1997, Indonesia seemed far from crisis.
Rupiah came under attack by speculators after govt. widened trading band from 8% to 12%
Moody's eventually downgraded Indonesia's longterm debt to 'junk bond’
Indonesia lost 13.5% of its GDP that year.
Indonesian rupiah Freq. used Rp 1000, Rp 5000, Rp 10 000, Rp 20 000 Rp 50 000, Rp 100 000 Also called "perak" ('silver' in Indonesian) Rupiah is subdivided into 100 sen US$1 generally worth about 10,000 rupiah
Bank of Indonesia Founded on July 1, 1953 The banking system of Indonesia consists of Bank of Indonesia (the central bank), Commercial banks, and regional credit banks. Head office is located in Jakarta
Indonesian banking architecture
Evolution
Under Act No.13 Year 1968 assisted the government to achieve several goals.
On May 17, 2000, the Act No. 23 Year 1999 was enacted making it a independent central bank free from the interference of other parties or the government.
38 offices throughout the country .
Using monetary policy to maintain the stability of financial and exchange Major Functions markets
Ensuring the stability of the financial system through stricter governance
Upgrading of financial infrastructures.
Carries out the clearing, money market operations, and supervision of banks.
Indonesian Banking Architecture (API). Launched on January 9, 2004 To enable the banking industry to operate prudently, Bring itself into line with international standards Pay greater attention to customer rights
Sharia Compliant Banking Grew 50% in 2006 “office channeling” allowed Hajj pilgrimage accounts Accounts for 1.1 percent of total funds Will account for 10% by 2011
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