Indonesia's Response to the Global Financial Crisis
In response to the global financial crisis, the Government of Indonesia has issued several regulations with respect to :
- Short-Term Funding Facilities
- Changes in Saving Values
- Increases in Guaranteed Saving Values
- Financial System Safety Net
- Extension of Foreign Exchange (FX) Swap Tenors
- Foreign Currency Reserves
- Statutory Reserves in Sharia Commercial Banks
- Bank Offshore Borrowings
- Statutory Reserves in Commercial Banks, and Buybacks
Attached are the summaries of regulations.
Source:
ALI BUDIARDJO, NUGROHO, REKSODIPUTRO
Counsellors at Law
Graha Niaga, 24th Floor
Jalan Jenderal Sudirman Kav. 58
Jakarta 12190, Indonesia
Telephone : (62-21) 2505125, 2505136
Telefax : (62-21) 2505001, 2505121, 2505122, 2505392
E-mail : info@abnrlaw.com
Website : www.abnrlaw.com
