| Issue Number : 3355

New Regulation on Statutory Reserve Requirements for the Banking Sector

In bid to improve the effectiveness of Indonesia’s monetary policy, Bank Indonesia (“BI”) has decided to accelerate the implementation of its average statutory reserve requirements (Giro Wajib Minimum- “GWM”) policy through the issuance of Regulation No. 20/3/PBI/2018 on Statutory Reserve Requirements in Rupiah and Foreign Currencies for Conventional Banks, Sharia Banks and Sharia Business Units (“Regulation 20/2018”).[1]

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In bid to improve the effectiveness of Indonesia’s monetary policy, Bank Indonesia (“BI”) has decided to accelerate the implementation of its average statutory reserve requirements (Giro Wajib Minimum- “GWM”) policy through the issuance of Regulation No. 20/3/PBI/2018 on Statutory Reserve Requirements in Rupiah and Foreign Currencies for Conventional Banks, Sharia Banks and Sharia Business Units (“Regulation 20/2018”).[1]

......

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Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

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professionalprofessionalUniversity Solutions
*Syarat dan ketentuan berlaku
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