Control of Regional Inflation - Bank Sentral Republik Indonesia
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December 10, 2019
The Birth of a Central Bank
The Birth of a Central Bank
The nationalization effort of DJB was followed up by transforming the bank of circulation into a central bank with the name of Bank Indonesia. On July 1, 1953, Bank Indonesia Act started to be in force, therefore confirming Bank Indonesia’s birth and Indonesia’s monetary and economic authority. The function of a central bank, which had been done rather inadequately before, could now be done by Bank Indonesia.
 
HomeMonetaryMonetary and Fiscal Policy Control of Regional Inflation

Monetary and Fiscal Policy

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