Information about the organisation, transformation and history of Bank Indonesia as the central bank of the Republic of Indonesia.
Information about the main functions and responsibilities of Bank Indonesia to achieve and maintain rupiah stability.
Information about the rupiah as the currency of the Republic of Indonesia managed by Bank Indonesia pursuant to prevailing laws and regulations.
Bank Indonesia’s publications include regulations, reports and papers, as well as the calendar of activities
Statistics include historical indicators for all sectors under the jurisdiction of Bank Indonesia.
Bank Indonesia offers various services, including requests for information, complaints, licensing and so on.
Bank Indonesia maintains public information in accordance with the Public Information Disclosure Act of 2008.
In practice, the application and impartial enforcement of good governance at Bank Indonesia requires the support of a conceptual framework that integrates all governance elements, from laying the initial foundations to the overarching goal to be achieved.To that end, Bank Indonesia has formulated a governance framework containing five key elements as follows:
As an independent public institution of the state administration, Bank Indonesia is supervised through a number of checks and balances between state institutions in order to ensure accountability in the public implementation of tasks and responsibilities.
Prevailing laws concerning Bank Indonesia demand accountability and transparency in the implementation of all tasks, responsibilities and budget. Accountability and transparency are required to ensure any interested parties can supervise all policy measures instituted by Bank Indonesia through a system of checks and balances.
As the regulatory/policy authority, Bank Indonesia is required to ensure the policymaking process follows structured and systematic procedures and mechanisms in order to formulate a credible policy output and meet public accountability principles.
The following principles underlie policymaking at Bank Indonesia in order to enhance policy quality:
The application and impartial enforcement of good governance at Bank Indonesia are realised through credibility. Central bank credibility is essential in terms of building public trust and confidence in the policies taken in order to increase policy effectiveness. Central bank credibility is acknowledged to increase monetary policy effectiveness and influence public rationality, thus increasing the likelihood of positive public perception in response to central bank policy measures, particularly in terms of controlling inflation.
Therefore, Bank Indonesia credibility must be improved and maintained in order to create value for the stakeholders and economy as well as prosperity for the public. This is achieved by improving the quality of policy communication and strengthening the policy mechanisms, framework and decision-making process throughout the policymaking process.