The Regulation Of Bank Indonesia No. 10/23/pbi/2008 Year 2008

Original Language Title: Peraturan Bank Indonesia Nomor 10/23/PBI/2008 Tahun 2008

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4f876a4e908d41313232313538.html

PBI 10-23-2008 Text copy _?.
Back COUNTRY SHEET Republic of INDONESIA No. 150, 2008 (Additional explanation in the State Gazette of the Republic of Indonesia Number 4908) BANK INDONESIA REGULATION number: 10/23/PBI/2008 REGARDING the SECOND AMENDMENT ABOVE BANK INDONESIA REGULATION number 6/21/PBI/2004 of COMPULSORY MINIMUM GIRO in RUPIAH and FOREIGN CURRENCY to the COMMERCIAL BANKS that CARRY OUT ITS BUSINESS ACTIVITIES BASED on SHARIA PRINCIPLES with the GRACE of GOD ALMIGHTY the GOVERNOR of BANK INDONESIA ,.,, Considering: a. that the condition of the global economy has experienced a financial crisis that could potentially have an impact on national banking and financial system;
.,, b. that necessary efforts in order to maintain public confidence to the financial system and national banking by maintaining the availability of funds (liquidity) is sufficient, either for the perpetrator or perpetrators of the banking economy in Indonesia;
.,, c. that controlling liquidity through the adjustment of monetary instruments of the central bank, namely in the form of compulsory minimum giro adjustment, is one of the options (options) to maintain the availability of liquidity for the offender and the offender's banking economy in Indonesia, especially in terms of availability of funds in the foreign exchange market;
.,, d. that arrangements regarding the compulsory minimum giro needs to be adjusted to the condition of the banking liquidity, the ability of bank intermediation functions as well as Bank Indonesia's policy direction;
.,, e. that based on considerations as referred to in point a, b and c grain grains, it is necessary to make changes both on the provision of compulsory minimum giro in rupiah and foreign currency to the commercial banks that carry out its business activities based on sharia principles in a Bank Indonesia Regulations;
.,, Considering: 1. Act No. 11 of 1999 on Bank Indonesia (the State Gazette of the Republic of Indonesia year 1999 Number 66, State Gazette Supplementary Number 3843) as amended by Act No. 3 of 2004 (State Gazette of the Republic of Indonesia number 7 in 2004, an additional State Gazette Number 4357);
., ,2. Act No. 21 of 2008 about Islamic banking (State Gazette of the Republic of Indonesia Year 2008 Number 94, an additional Sheet of the Republic of Indonesia Number 4867);
DECIDED:.,, set: PERUBAHANKEDUA BANK INDONESIA REGULATION on TOP of BANK INDONESIA REGULATION number 6/21/PBI/2004 of COMPULSORY MINIMUM GIRO in RUPIAH and FOREIGN CURRENCY to the COMMERCIAL BANKS that CARRY OUT ITS BUSINESS ACTIVITIES BASED on SHARIA PRINCIPLES.
Chapter I the provisions of article 4 of the Bank Indonesia Regulation number 6/21/PBI/2004 Of Compulsory Minimum Giro in Rupiah And foreign currency to the commercial banks that carry out its business activities based on sharia principles (State Gazette of the Republic of Indonesia Number 73 in 2004, an additional Sheet of the Republic of Indonesia Number 4404) as amended by Bank Indonesia Regulation No. 8/2/PBI/2006 regarding changes to the top of the Bank Indonesia Regulation number 6/21/PBI/2004 Of Compulsory Minimum Giro in Rupiah And foreign currencies For Public bank which carry out business activities based on sharia principles (State Gazette of the Republic of Indonesia number 80 in 2006, an additional Sheet of the Republic of Indonesia Number 4649) is amended as follows:.,, "article 4 GWM in foreign exchange as referred to in article 2 paragraph (2) the set of 1% (one percent) of the DPK in foreign exchange."

Article II of the regulation of Bank Indonesia began to take effect on the date specified and retroactive from the date of October 13, 2008.

In order to make everyone aware of it, ordered the Bank Indonesia Regulations enactment this by its placement in the State Gazette of the Republic of Indonesia.

.,, Set in Jakarta on 16 October 2008, BANK INDONESIA GOVERNOR BOEDIONO Enacted in Jakarta on 16 October 2008 the MINISTER of LAW and HUMAN RIGHTS Republic of INDONESIA, STATE GAZETTE SUPPLEMENTARY MATTOANGIN RI No. 4908 (explanation of the 2008 State Gazette Number 150) EXPLANATION of BANK INDONESIA REGULATION number: 10/23/PBI/2008 REGARDING the SECOND AMENDMENT ABOVE BANK INDONESIA REGULATION number 6/21/PBI/2004 of COMPULSORY MINIMUM GIRO in RUPIAH and FOREIGN CURRENCY to the COMMERCIAL BANKS which CARRY OUT

BUSINESS ACTIVITIES BASED on SHARIA PRINCIPLES i..,, the current global economy Condition which experienced a financial crisis as a result of the impact of the continued occurrence of cases of subprime mortgage in the United States, financial institutions have an impact to the national banking and financial system.
., The creation of public confidence to the financial system and banking with national control efforts the availability of funds (liquidity) is one of the important and useful actions for the perpetrators of the national economy.
.,, The efforts of controlling the availability of funds to meet the needs of the perpetrators of the national economy, including the banking among other principals to do with implementing the adjustment of monetary instruments of the central bank in the form of quantity minimum obligatory giro maintenance must be kept in Bank Indonesia.
.,, As one of the instruments of monetary policy, setting minimum obligatory giro, can be adjusted from time to time in accordance with the condition of the banking liquidity, the ability of bank intermediation functions, and Bank Indonesia policy direction in addressing the situation and condition of the economy is global as well as national influence on the national financial and banking systems.
.,, In line with the above mentioned case, by considering the condition of the economy and the banking liquidity conditions nowadays, viewed the need to make adjustments of magnitude minimum obligatory giro maintenance at Bank Indonesia for commercial banks that carry out its business activities based on sharia principles.

The SAKE ARTICLE ARTICLE article I, section 4.,.,, pretty obvious article II.,, is quite clear