Berlangganan Pro

Jumat, Juni 29, 2018 | Issue Number : 3393

Statutory Reserve Requirement Fulfillment Calculations for the Banking Sector

ID Indonesian translation

With the ultimate goal of improving the effectiveness of Indonesia’s monetary policy in order to maintain economic stability,[1] Bank Indonesia (“BI”) has issued Regulation of the Bank Indonesia Board of Governors No. 20/10/PADG/2018 on Statutory Reserve Requirements in Rupiah and Foreign Currencies for Conventional Banks, Sharia Banks and Sharia Business Units (“Regulation 10/2018”).

In essence, Regulation 20/2018 sets out a number of guidelines which address the statutory reserve requirements (Giro Wajib Minimum – “GWM”) that must be met by conventional banks (“Banks”), sharia banks (Bank Umum Syariah – “BUS”) and Sharia Business Units (Unit Usaha Syariah – “UUS”). However, for the purpose of concision, this edition of Indonesian Legal Brief will confine its discussion to the following matters:

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With the ultimate goal of improving the effectiveness of Indonesia’s monetary policy in order to maintain economic stability,[1] Bank Indonesia (“BI”) has issued Regulation of the Bank Indonesia Board of Governors No. 20/10/PADG/2018 on Statutory Reserve Requirements in Rupiah and Foreign Currencies for Conventional Banks, Sharia Banks and Sharia Business Units (“Regulation 10/2018”).

In essence, Regulation 20/2018 sets out a number of guidelines which address the statutory reserve requirements (Giro Wajib Minimum – “GWM”) that must be met by conventional banks (“Banks”), sharia banks (Bank Umum Syariah – “BUS”) and Sharia Business Units (Unit Usaha Syariah – “UUS”). However, for the purpose of concision, this edition of Indonesian Legal Brief will confine its discussion to the following matters:

......

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*Syarat dan ketentuan berlaku

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