eral Reserve or other sources.
.,, (3) Tata means the addition of capital of the General Reserve or other sources set with the Rules of the Board of Governors.
The goal of the Bank of Indonesia is to achieve and maintain a stability of rupiah value.
To achieve the objectives as referred to in Article 7, the Bank of Indonesia has the following task:
a. establish and execute monetary policy;
B. set and maintain the payment system agility;
c. set up and oversee the Bank.
.,, (1) Other parties are prohibited from doing any form of intervention against the implementation of the Bank of Indonesia's duties as referred to in Article 8.
.,, (2) the Bank of Indonesia is required to refuse and or discard any form of interference from any party in order to perform its duties.
.,, (1) In order to establish and carry out monetary policy as referred to in Article 8 of the letter a Bank Indonesia authorized:
1) open market operations in the money market both rupiah and foreign exchange;
4) credit settings or financing.
., (2) The way of monetary control as referred to in paragraph (1) the letter b may be exercised also based on the Syariah Principles.
.,, (3) the implementation of the provisions as referred to in paragraph (1) letter b and paragraph (2) are specified with the Regulation of the Bank of Indonesia.
.,, (1) The Bank of Indonesia may provide credit or financing based on the Syariah Principles for the most prolonged period of 90 (ninety) days to the Bank to address the Bank ' s short-term funding difficulties concerned.
.,, (2) the implementation of the granting of credit or financing under the Syariah Principles as referred to in paragraph (1), is required to be guaranteed by the recipient Bank with a high quality collateral and easily thawed that is at least a minimum of credit. Or the funds he received.
.,, (3) the implementation of the provisions as referred to in paragraph (1) and paragraph (2) is established with the Regulation of the Bank of Indonesia.
Bank Indonesia carries out the exchange rate policy based on the established exchange rate system.
(1) The Bank of Indonesia manages the devisa reserves.
.,, (2) In the management of the devisa reserves as referred to in paragraph (1), the Bank of Indonesia carries out various types of devisa transactions.
.,, (3) In order of the management of the devisa reserves as referred to in paragraph (1), the Bank of Indonesia can receive overseas loans.
.,, (1) The Bank of Indonesia may host a periodic survey or at any time necessary that can be macro or micro to support the implementation of the Bank of Indonesia's duties as referred to in Section 8.
.,, (2) The implementation of the survey as referred to in paragraph (1), may be performed by another party based on the assignment of the Bank of Indonesia.
.,, (3) In the event of a survey as referred to in paragraph (1), each body is required to provide the information and data required by the Bank of Indonesia.
.,, (4) the Bank of Indonesia or other party as referred to in paragraph (2), is required to keep the source and the individual data a secret as referred to in paragraph (3), unless expressly stated otherwise in the Act.
.,, (5) the implementation of the provisions as referred to in paragraph (1) and paragraph (2) is established with the Regulation of the Bank of Indonesia.
.,, (1) In order to set up and maintain the agility of the payment system as referred to in Article 8 of the letter b, Bank Indonesia authorized:
.,, (2) The execution of the authority as referred to in paragraph (1) is set with the Regulation of the Bank of Indonesia.
The Bank of Indonesia is authorized to regulate the bank clearing system in the rupiah and or foreign exchange.
.,, (1) The event of any bank clearing activities in rupiah currency and or foreign exchange is carried out by the Bank of Indonesia or other parties with the approval of the Bank of Indonesia.
.,, (2) The implementation of the provisions as referred to in paragraph (1) is specified with the Regulation of the Bank of Indonesia.
.,, (1) the Bank of Indonesia organizes a final settlement of payment transactions between banks in the currency of rupiah and or foreign exchange.
.,, (2) The event of completion of the final settlement of payment transactions between banks as referred to in paragraph (1), may be done by other parties with the approval of the Bank of Indonesia.
.,, (3) the implementation of the provisions as referred to in paragraph (1) and paragraph (2) is established with the Regulation of the Bank of Indonesia.
Bank Indonesia authorities set out sorts, prices, features of the money to be issued, the materials used and the date start to expire as valid payment tools.
The Bank of Indonesia is the only authorized agency to issue and circulate the rupiah and repeal, withdraw and destroy the intended money from the circulation.
The money issued by the Bank of Indonesia is exempt from the customs dutieof Indonesia is the Central Bank of the Republic of Indonesia.
.,, (2) The Bank of Indonesia is an independent, free state agency of the Government and or other parties, except for matters expressly set out in this Act.
(3) The Bank of Indonesia is the legal entity under this Act.
(1) The Bank of Indonesia is based in the country capital of the Republic of Indonesia.
.,, (2) The Bank of Indonesia can have offices in and outside the country of the Republic of Indonesia.
., (1) Modal Bank Indonesia is set to amount to at least Rp2,000.000.000.00 (two trillion rupiah).
.,, (2) Modal as referred to in paragraph (1) must be plus so that it becomes 10% (ten per hundred) of all monetary obligations, whose funds are derived from the Gen s.
Section 22
The Bank of Indonesia does not provide reimbursed for money lost or wiped out because of any cause.
Section 23
.,, (1) The Bank of Indonesia can repeal and withdraw the rupiah money from the circulation by providing reimbursement with the same value.
., (2) If 5 (5) years after the date of the revocation, the value of the money is not exchanged, the value of the money is calculated as the acceptance of the budget year.
.,, (3) The amount of money exchanged after the end of the term as referred to in paragraph (2) is counted as spending the year of the running budget.
.,, (4) The right to demand exchange of money that is already revoked, does not apply again after 10 (ten) years since the date of the revocation.
.,, (5) the implementation of the revocation and withdrawal of money from the circulation as referred to in paragraph (1) is set with the Regulation of the Bank of Indonesia.
BAB VI
THE TASK OF ARRANGING AND SUPERVISING THE BANK
Section 24
In order to carry out the duties as referred to in Article 8 of the letter c, the Bank of Indonesia sets the rules, provides and revoking the institutional clearance and activities of the Bank, carrying out the Bank's oversight and imposing sanctions on the bank. against the Bank in accordance with the laws.
Section 25
.,, (1) In order to carry out the task of regulating the Bank, Bank Indonesia authorized the banking provisions that contain the principle of prudness.
.,, (2) The execution of the authority as referred to in paragraph (1) is set with the Regulation of the Bank of Indonesia.
Section 26
With regard to the authority in the licensing field as referred to in Article 24, the Bank of Indonesia:
a. provide and revoke the Bank ' s business permit;
B. providing the opening, closing, and transfer of the Bank office;
c. provide consent for the ownership and propriecity of the Bank;
., d. Give permission to the bank to run certain business activities.
Section 27
The Bank's oversight by the Bank of Indonesia as referred to in Article 24 is direct and indirect oversight.
Section 28
.,, (1) The Bank of Indonesia requires the Bank to submit its reports, captions and explanations in accordance with the layout set by the Bank of Indonesia.
.,, (2) If required, the obligation as referred to in paragraph (1) is imposed also against the parent company, the child company, the related party and the affiliated party of the Bank.
Section 29
.,, (1) The Bank of Indonesia conducts checks against the Bank, both periodically and at any time when necessary.
.,, (2) If required, the examination as referred to in paragraph (1) may be performed against the parent company, the child company, the related party, the affiliated party and the Bank's debtors.
.,, (3) the Bank and the parties as referred to in paragraph (2), are required to provide the examiners:
., a., a. requested data and requested data;
., b. opportunity to view all bookkeeping, documents, and physical means related to its business activities;
C. Other things are required.
Section 30
.,, (1) The Bank of Indonesia may assign another party to and on behalf of the Bank of Indonesia carrying out the examination as referred to in Article 29 of the paragraph (1) and the paragraph (2).
., (2) Other parties who carry out the examination as referred to in paragraph (1), are required to keep the details and the data obtained in the examination.
.,, (3) The terms for other parties assigned by the Bank of Indonesia as referred to in paragraph (1) are specified with the Regulation of the Bank of Indonesia.
Section 31
., (1) The Bank of Indonesia may order the Bank to cease temporarily in part or all particular transaction activities if according to the Bank of Indonesia's assessment of a transaction it is alleged to be a criminal offence in the field of banking.
.,, (2) Based on the assessment as referred to in paragraph (1), the Bank of Indonesia is obliged to send a team of examiners to examine the truth on the alleged basis.
.,, (3) If the results of the examination as referred to in paragraph (2) are not obtained sufficient evidence, the Bank of Indonesia on that day also revoke the termination order of the transaction as referred to in paragraph (1).
Section 32
(1) The Bank of Indonesia regulates and develops interbank information systems.
.,, (2) The information system as referred to in paragraph (1), can be expanded by including other agencies in the financial field.
.,, (3) The following information systems as referred to in paragraph (1) and paragraph (2), may be conducted alone by the Bank of Indonesia and or by other parties with the approval of the Bank of Indonesia.
Section 33
In the event of a Bank Indonesia's assessment of the Bank Indonesia's assessment jeopardised the continued continuity of the Bank's efforts and or endangering the banking system or the banking difficulties that compromised the national economy, the Bank of Indonesia can Conduct an action as set out in the applicable banking legislation.
.,, (1) The task of overseeing the Bank will be carried out by an independent financial services sector oversight agency, and is set up with the Act.
.,, (2) The establishment of an oversight agency as referred to in paragraph (1), will be implemented as late as 31 December 2002.
Section 35
Throughout the supervision agency as referred to in Article 34 of the paragraph (1) has not been formed, the Bank of Indonesia ' s regulatory and regulatory task is exercised by the Bank of Indonesia.
BAB VII
THE BOARD OF GOVERNORS
Section 36
In carrying out its duties, the Bank of Indonesia is headed by the Board of Governors.
Section 37
.,, (1) The Board of Governors consists of a Governor, a Senior Deputy Governor, and at least 4 (four) persons or as many as 7 (seven) of the Deputy Governor.
.,, (2) The Board of Governors is headed by the Governor with the Deputy Senior Governor as a deputy.
.,, (3) In the event of the Governor and Deputy Senior Governor impedicrate, the Governor or Deputy Senior Governor appoints a Deputy Governor to head the Board of Governors.
.,, (4) In terms of appointment as set forth in verse (3) because something cannot be implemented, one of the longest Deputy Governor of his term acts as the leader of the Board of Governors.
Section 38
.,, (1) The Board of Governors carries out the duties and authority of the Bank of Indonesia as specified in this Act.
.,, (2) The order and order of running the work of the Board of Governors is established with the Rules of the Board of Governors.
Section 39
(1) The Board of Governors represents the Bank of Indonesia both inside and outside the court.
., (2) The authority represents as referred to in paragraph (1) exercised by the Governor.
.,, (3) The Governor may submit the authority to represent as referred to in paragraph (2) to the Deputy Senior Governor, and or one or more of the Deputy Governor, or one or more of the Bank of Indonesia employees, and or other parties. Specially designated for it.
.,, (4) Surrender of authority as referred to in verse (3) may be provided with the right of substitution.
Section 40
To be able to be appointed as a member of the Board of Governors, the candidate concerned must be eligible among others:
a. nationals of Indonesia;
B. have high moral and moral;
.,, c. has the expertise and experience in the areas of economics, finance, banking, or law.
Section 41
.,, (1) The Governor and Senior Deputy Governor is proposed and appointed by the President with the approval of the People ' s Representative Council.
.,, (2) The Deputy Governor is proposed by the Governor and appointed by the President with the approval of the People ' s Representative Council.
.,, (3) In the event of a potential Governor or Deputy Governor as referred to in paragraph (1) or the candidate of the Deputy Governor as referred to in paragraph (2) not approved by the Housenth and at most 3 (three) months, as well as a fine of at least Rp2,000.000.00 (two million rupiah) and most Rp6,000.000.00 (six million rupiah).
Section 66
Any person who intentionally commits a breach of the provisions as referred to in Article 2 of the paragraph (4), is threatened with a prison criminal of at least one year and at most 3 (three) years, as well as a fine of at least Rp1,000.000.000.00 (one billion rupiah) and the most Rp3.000.000.00 (three billion rupiah).
Section 67
Anyone who does intervene against the duties of the Bank of Indonesia as referred to in Article 9 of the paragraph (1), threatened with a prison criminal of at least 2 (two) years and at least 5 (five) years, as well as a fine At least Rp2,000.000.00 (two billion rupiah) and at most Rp5,000.000.00 (five billion rupiah).
Section 68
Members of the Board of Governors and or Bank of Indonesia officials who violate the provisions of Article 9 of the paragraph (2), are threatened with a prison criminal of at least 2 (two) years and at least 5 (five) years, as well as a fine of at least Rp2,000.000.00 (two billion rupiah) and at most Rp5,000.000.00 (five billion rupiah).
Section 69
The body that does not fulfill the obligations as referred to in Article 14 of the paragraph (3), is threatened with a criminal fine of most Rp50,000.00 (fifty million rupiah).
Section 70
., (1) The violation of the provisions as referred to in Article 55 of the paragraph (4), threatened with a prison criminal of at least one year and the longest of 3 (three) years, as well as a fine of at least Rp6.000.000.00 (six billion rupiah) and at most Rp15,000.000.00 (fifteen billion rupiah).
(The king) is the one who has been commanded to do so, and He is the Lord of the Lord, and He is the Lord of the All-Reded;
Section 71
.,, (1) Governor, Senior Deputy Governor, Deputy Governor, Indonesian Bank employee, or other party appointed or approved by the Bank of Indonesia to perform specific tasks that provide the information and other data that is confidential. acquired for office against the law, threatened with a prison criminal of at least one year and at least 3 (three) years, as well as a fine of at least Rp1,000.000.00 (one billion rupiah) and at most Rp3,000.000.000.00 (three billion rupiah).
.,, (2) If the offence as referred to in paragraph (1) is carried out by the body, the body is threatened with a criminal fine of at least Rp3,000.000.00 (three billion rupiah) and at most Rp6.000.000.00 (six billion rupiah).
.,, (3) The account and other data that are confidential as referred to in paragraph (1) are defined with the Rules of the Board of Governors.
Section 72
.,, (1) By not reducing the criminal provisions as referred to in Article 65, Article 66, Section 67, Section 68, Article 69, Section 70, and Section 71, the Board of Governors may establish administrative sanctions against the employees of the Bank of Indonesia as well as the parties. others who do not fulfill their obligations as defined in this Act.
(2) Administrative sanctions as referred to in paragraph (1) may be:
., a., a. fine; or
B. written reprimand; or
., c. revocation or cancellation of an attempt permit by the authorized instance if the breach is performed by the entity; or
D. Employee discipline sanction.
.,, (3) Further provisions on administrative sanctions are established with the Regulation of the Bank of Indonesia or the Rules of the Board of Governors.
BAB XII
THE TRANSITION PROVISION
Section 73
All activas and passiva Bank Indonesia according to Law Number 13 of 1968 on the Central Bank switch to assets and passiva Bank Indonesia by this Act.
Section 74
.,, (1) the Bank of Indonesia ' s liquidity credits in the course of ongoing and undue program credit as well as the agreed but unwithdrawn, redirected by an agreement to the designated State-owned Business Agency The government, in the longest term of 6 (six) months since the enactment of this Act.
.,, (2) The State-Owed Business Agency as referred to in paragraph (1) can manage the instalment of the installment and or the principal relapation and the liquidity credit interest is referred to as the term of the liquidity credit expires.
.,, (3) The interest subsidy over liquidity credits that are in the management of the State-Owed Business Agency as referred to in paragraph (2), remains the burden of the Government.
Section 75
.,, (1) By the enactment of this Act, the Directors appointed under the Law Number 13 of 1968 concerning the Central Bank were declared dismissed and reappointed as a member of the Board of Governors with the following arrangements:
.,
., a., a. Governor and a Deputy Governor for the first term for 4 (four) years;
., b. 2 (two) of the Deputy Governor for the first term for 1 (one) year;
., c. 2 (two) of the Deputy Governor for the first term for 2 (two) years;
., d. 2 (two) Deputy Governor for the first term for 3 (three) years.
.,, (2) At least 3 (3) weeks since this Act applies, the President proposes the candidate of the Senior Deputy Governor according to the provisions set forth in Article 40 and Section 41 for the first term for 5 (five) years.
., (3) Members of the Board of Governors as referred to in paragraph (1) the letter b, the letter c, and the letter d is approved by the House of Representatives on the basis of the Governor's proposal.
Section 76
.,, (1) The provisions of the Bank of Indonesia are prohibited from purchasing for themselves the country's debt letters as referred to in Article 55 of the paragraph (4) it is declared to be effective no later than 1 January 2000 except for financing purposes Banking restructuring.
.,, (2) Against the bills on state debt letters that are purchased directly by the Bank of Indonesia and have not been due, the Bank of Indonesia may extend the term of the bill for up to 10 (ten) years since its due date if required by the Government with the approval of the People's Representative Council.
.,, (3) In terms of the required extension of the invoice term as referred to in paragraph (2), the Government must apply for the renewal of the term of the invoice at least 30 (thirty) days before the invoice is due.
Section 77
In the two (two) years of the year since the Act, the Bank of Indonesia must have waive all of its inclusion on the legal entity or other entity that does not comply with the provisions as set out in Section 64 of the paragraph. (1).
Section 78
.,, (2) The Funds for inclusion as referred to in paragraph (1) may only be taken from the Purpose Reserve Fund.
BAB XI
CRIMINAL PROVISIONS AND ADMINISTRATIVE SANCTIONS
Section 65
Any person who intentionally commits a breach of the provisions as referred to in Article 2 of the paragraph (3), is threatened with a confinement of at least one mo titutional and business activities and impose sanctions against the Bank in accordance with the rules of the Bank. Applicable laws. The task of setting the Bank of Indonesia among others also sets the priority of the funds to the entrepreneurs of weak economic groups and cooperatives.
.,, the Indonesian Bank Authority was intended to orchestrate the economic crisis in short time with the famous target of the value of the rupiah rate at a reasonable rate. This is in accordance with the mandate of Chapter IV of the letter A grain 1a Decree of the People's Consultative Assembly of the Republic of Indonesia Number X/MPR/1998. The Bank of Indonesia as a monetary authority, as the mandate of the People's Consultative Assembly of the Republic of Indonesia is required to establish a strong and independent institutional system in managing and authoring devisa. In the framework of a healthy national financial management, the Bank of Indonesia as a Central Bank must be independent, free from the interference of the government and other parties, and its performance can be supervised and accounted for.
.,, the Occupation of Bank Indonesia as an independent state institution is outside the government as set out in this Act. This independence carries the logical juridical consequences that the Bank of Indonesia also has the authority to regulate or make/publish regulations that are the implementation of the Act and reach out to the entire nation and country of Indonesia. As such, the Bank of Indonesia as an independent state agency may issue regulations with the possibility of granting administrative sanctions.
.,, the Board of Governors in carrying out its duties and functions should prevent the practices of corruption, collusion and nepotism as mandated by article 3 of the People's Consultative Assembly Number XXI/MPR/1998.
.,, in order to coordinate policy between monetary authorities and the fiscal authorities and the real sector, the Board of Governors meetings may be attended by the Minister or government officials. Similarly, the Governor is able to attend a cabinet session. This suggests that the existence of the Monetary Council is no longer necessary.
.,, in order for the independence given to the Bank of Indonesia to be held accountable, to the Bank of Indonesia being prosecuted for transparency and meeting the principle of public accountability in setting its policies as well as being open to supervision. By society. The transparency and principles of the public accountability are conducted by addressing the policy plan for the coming year and evaluation of the implementation of monetary policy for the previous year as well as the development of economic conditions, finance and banking to the President and the People ' s Representative Council. Periodically and openly to the public delivered information relating to economic, monetary and banking developments.
SECTION BY SECTION
Section 1
.,, pretty clear.
Section 2
.,, Verse (1)
.,, one rupiah is made up of 100 (hundred) cents.
Verse (2)
., referred to as the country territory of the Republic of Indonesia is an entire territory of Indonesia territory including the flag of the Republic of Indonesia.
Verse (3)
.,, the provisions of the exclusions as referred to in this paragraph shall be specified in the Regulation of the Bank of Indonesia which contains among others:
., a., a. The inclusion of goods and services prices in foreign exchange in place and activities of certain endeavour;
., b. the use of ASEAN currency in the framework of export and or import in the ASEAN region;
c. anticipation of the possibility of economic integration.
Verse (4)
.,, in the event of a doubt over the authenticity of the rupiah ' s money, the dubious party may ask for clarification to Bank Indonesia. The disagreement of the parties who made the transaction is not considered a refusal to accept the rupiah.
Verse (5)
.,, the provisions of the provisions to be specified in the Bank of Indonesia Regulation include:
a. the setting of a region and or a specific area;
B. a business place or specific business activity;
c. trade agreements of goods and services.
Section 3
.,, Verse (1)
.,, pretty clear
Verse (2)
.,, the provisions of the provisions to be specified in the Bank of Indonesia Regulation include:
., a., a. the designation of the amount of rupiah money that can be brought out or entering the Indonesian territory;
B. The licensing procedures bring the rupiah money out or enter the region of Indonesia;
.,, c. administrative sanctions against violations of the provisions of transfer of rupiah money from or abroad without permission.
Section 4
.,, Verse (1)
.,, referred to by the Central Bank is a state institution that has the authority to issue a valid payment tool from a country, formulate and execute monetary policy, regulate and maintain the agility of the payment system, organize and supervise banking, as well as run functions as lenders of the last resort.
The Central Bank is meant to have a goal of achieving and maintaining a stability of the rupiah and not conducting intermediated activities such as those by the Bank in general. However, in order to support the duties of the Central Bank's duties, the banking activities are deemed necessary.
In Indonesia there is only one Central Bank and in accordance with the Explanation Article 23 paragraph (3) of the Basic Law of 1945 is called Bank Indonesia.
Verse (2)
.,, Bank Indonesia as an independent state institution in its field of duty is outside of government and other institutions as specified in this Act. In doing so, the Bank of Indonesia submitted a report to the People's Representative Council. In addition, the Bank of Indonesia 's financial statements were examined by the Financial Examiner' s Agency. The results of the examination of the Financial Examiner Body were delivered to the People's Representative Council.
Verse (3)
.,, Bank Indonesia was declared a legal entity with this Act and intended to have clarity of the Bank of Indonesia 's authority in managing its own wealth regardless of the State' s Budget and Shopping Budget. In addition, the Bank of Indonesia as a public legal entity is authorized to establish regulations and impose sanctions within its authority limits.
Section 5
.,, Verse (1)
.,, pretty clear
Verse (2)
.,, referred to offices within and outside the country of the Republic of Indonesia are the offices of the Bank of Indonesia in the area or the representative offices of the Bank of Indonesia abroad.
In these offices the activities of the Bank of Indonesia are in accordance with its duties and authority.
Section 6
.,, Verse (1)
.,, Modal Bank Indonesia as intended on this verse is derived from the wealth of the separated countries, which are the summation of capital, General Reserve, Purpose Reserve nting the fund's clearing and transfer services, as well as the final settlement of payment transactions. Between banks. In addition, the Bank of Indonesia is also granted the authority and responsibilities related to the supervision of the payment system services in order for the wider public to be able to acquire the services of an efficient, fast, proper and secure payment system.
., in order to perform the Bank's regulatory and regulatory duties, to the Bank of Indonesia granted the authority to establish regulations and permissions for the ins clearing is the exchange of cash or electronic financial data between banks and the bank and the customers whose calculations are resolved at any given time. The Cloud Service is defined as a non-cash payment tool set forth in the applicable laws or other applicable provisions, which are commonly used in payment transactions.
The bank ' s interring clearing system includes both domestic and cross-country clearing systems. The setting up of the country ' s cross-clearing system includes among others:
., a., a. the definition of requirements for the Bank of Indonesia or the Bank in membership on a regional or international clearing system;
., b. the setting up of an agreement between the Bank of Indonesia or other agencies as the organizer of the payment system with the Central Bank and or the host agency of the payment system of other countries related to the implementation of the clearing and settlement End of payment transactions between banks.
Section 17
.,, Verse (1)
.,, pretty clear
Verse (2)
.,, the provisions of the provisions to be specified in the Bank of Indonesia Regulation include:
a. type of host clearing that can be performed by other parties;
., b. requirements and other party forms of law that may host the clearing;
., c. tata the way of granting consent to other parties that will host the clearing.
Article 18
.,, Verse (1)
.,, pretty clear
Verse (2)
.,, the Bank Indonesia Agreement to the other party may be provided on the nce sheet, which among others is gold, foreign banknotes and other bills in foreign exchange. To a foreign country that can be used as a foreign payment tool. The reserve of devisa includes the rights to the devisa which at any time can be withdrawn from an international financial entity.
The Bank of Indonesia is seeking to reserve the number of visa devists that are maintained by the Bank of Indonesia, which is considered sufficient to carry out monetary policy.
Verse (2)
.,, the management of the devisa reserves by the Bank of Indonesia is carried out through various types of visa transactions i.e. selling, purchasing, and or placing devisa, gold and valuable letters in cash or futures including loan grants. The management and maintenance of the devisa reserves is based on the principle of security and preparedness fulfilling an immediate obligation without ignoring the principle to obtain optimal income. The purpose of the management and maintenance of the devisa reserves is an inseparable part of the effort to keep the exchange rate
Verse (3)
.,, the foreign loan received by the Bank of Indonesia on this verse is a foreign loan on behalf of and is the responsibility of the Bank of Indonesia as a legal entity.
These loans are solely used in the framework of the management of the devisa reserves to strengthen the position of the payment balance as part of the implementation of monetary policy. As such, these loans are not disruptive and are not included in the State Budget and Shopping Budget. The number of loans was adjusted to the Bank of Indonesia ' s ability to pay back. The implementation of the loan is to be monitored by the People's Representative Council through financial examination results by the Financial Examiner's Agency of the Republic of Indonesia.
Section 14
.,, Verse (1)
.,, the survey referred to in this section may include collection of macro or micro-like information such as surveys of business activities, consumer surveys, asset price development surveys and other surveys, which are required in order The execution of the Bank of Indonesia's duties and authority, including the survey in order of drafting and refining the balance of payment balance.
Verse (2)
.,, referred to with other parties to this paragraph is an independent, competent and professional survey institution.
Verse (3)
.,, the interest and data requested by the Bank of Indonesia is not for the purpose of vetting, but rather for statistical purposes.
Verse (4)
., in question, the laws of this section are the other laws that require the parties with the information and data that are confidential to express it in accordance with the laws of the relevant laws.
Verse (5)
.,, the provisions of the provisions to be specified in the Bank of Indonesia Regulation include:
a. order collection and delivery methods and data delivery;
., b. coordination and collaboration of data collection with other parties if required;
c. The requirements for the third party as survey executor.
Article 15
.,, Verse (1)
.,, the letter a
.,, the payment system services that can be implemented by the Bank of Indonesia between others are a major value fund transfer service. As for the approval of the implementation of the payment system, the payment system is intended to provide the services of the payment system by other parties to meet the requirements, especially security requirements and efficiency.
Letter b
.,, Liability of the report delivery applies to any payment system service organizer. It is intended that the Bank of Indonesia can monitor the holding of the payment system. The information obtained from the holding of the payment system is also required to support the implementation of the Bank of Indonesia's duties as referred to in Article 8.
Letter c
.,, the Repayment of the use of the payment tool is intended to make the payment tools used in the society meet the security per-course of the user. Under this authority includes limiting the use of certain payment tools in the framework of prucency principles.
In order to exercise authority on this paragraph, the Bank of Indonesia may conduct an examination of the payment of the payment system.
Verse (2)
.,, the provisions of the provisions to be specified in the Bank of Indonesia Regulation include:
., a., a. the type of payment system services that require the approval of the Bank of Indonesia and the procedure of granting consent by the Bank of Indonesia;
., b. the scope of the services and responsibilities of the payment system service organizer, including the responsibilities associated with risk management;
.,, c. security requirements and efficiency in the hosting of payment system services;
., d. the service organizer of the payment system that is required to deliver an activity report;
., e. type of activity report that needs to be delivered to the Bank of Indonesia and its ports layout;
., f. a type of payment tool that can be used by the public including electronic payment tools such as ATM cards, debit cards, credit cards, pre-paid cards and electronic money;
G. payment tool security requirements;
., h. The administrative sanction is a fine for violations of the provisions on the letter a, the letter d and the letter f above.
Section 16
., referred to by bankfficulty Short term liquidity, having sufficient collateral and if required, will be conducted further examination of the Bank's condition.
Verse (2)
., referred to as high-quality and easily thawed agations including valuable mail and or bills issued by the Government or other legal entities that have a high ranking based on the ratings of the ratings agencies Competent and at any time easily can be sold to the market for cash.
Based on the Syariah Principles, for example, for example, the outcome or risk is proportionally shared nths before the Deputy Governor's term expired.
The candidate for Deputy Governor proposed by the Governor is from the Bank of Indonesia officials who are eligible according to this Act.
The terms of approval and appointment for the future Governor and or Deputy Governor as contained in the Explanation of the verse (1) of paragraph 2, 3, and 4 apply also to the Deputy Governor.
Verse (3)
., in the case of the House of Representatives the refusal of any candidate for Governor or Deputy Governor of the proposed Senior Governretty clear
Section 32
.,, Verse (1)
.,, the interbank information system is intended to streamline and secure the Bank ' s business activities. The interbank information is either:
a. information Bank, to know the Bank ' s state and status;
., b. credit information, to know the status and state of the Bank's debtors in order to prevent irregularization of the management of the creditor;
.,, c. money market information, to know the interest rates and market liquidity conditions.
Verse (2)
., enlargement of information systems to other agencies in the field of finance is required due to the connection between the activities of the Bank and the agency.
Verse (3)
., clear enough.
Section 33
.,, pretty clear.
Article 34
.,, Verse (1)
.,, the financial services oversight agency that will be set up to undertake oversight of the Bank and other financial services sector companies covering insurance, pension funds, securities, venture capital, and financing companies, as well as Other agencies are organizing the management of the community fund.
It is independent in its duties and its position is outside the government and is obligated to pass a report to the Financial Examiner's Board and the People's Representative Council.
In carrying out its duties, the supervisory board conducts coordination and cooperation with the Bank of Indonesia as the Central Bank to be governed in the Act of establishment of the supervisory agency referred to.
These supervising agencies may issue provisions relating to the implementation of the Bank 's supervising duties with coordination with the Bank of Indonesia and request an explanation from the Bank Indonesia' s information and macro data necessary.
As for the task of arranging it will remain by the Bank of Indonesia.
Verse (2)
.,, pretty clear
Section 35
.,, pretty clear.
Section 36
.,, pretty clear.
Section 37
.,, Verse (1)
.,, pretty clear
Verse (2)
., in the event of the Governor's impediation, the Governor's duty was handed over to the Senior Deputy Governor with news of the handover.
Verse (3)
., the intended impediation is if the Governor:
a. serve time off;
., b. suffering from pain and must rest a minimum of 6 (six) consecutive business days;
.,, c. travel service to the area or abroad for a minimum term of 6 (six) workdays;
., d. Temporary discharge due to examination of criminal charges.
Verse (4)
., referred to as the longest-serving Deputy Governor of his term is the Deputy Governor who occupied the first order of all the Deputy Governor-based on the letter of appointment concerned as the Deputy Governor.
Article 38
.,, Verse (1)
.,, in order to perform his duties, the Board of Governors can assign the following organization to its device.
Verse (2)
.,, the provisions of the provisions to be set in the Governor ' s Council Regulation include another:
a. task sharing of the Board of Governors members;
B. Authorize the authority;
c. code of conduct of the Board of Governors.
Article 39
.,, Verse (1)
.,, pretty clear
Verse (2)
.,, pretty clear
Verse (3)
.,, referred to by other parties is the body or person outside the Bank of Indonesia which has a specific capacity that provides its services to represent the Governor among other things in the face of the court.
Delegated matters are the duties of the Bank of Indonesia whose implementation is to be the responsibility of the Board of Governors, but the nature of the task may be exercised by the officials of the Bank of Indonesia or other bodies, e.g. expert witnesses, provision or a small currency roundup in an area that is not in the Bank of Indonesia office.
The granting of power to other parties with the ability to carry out the task is generally done in person.
Verse (4)
.,, referred to by the right of substitution is the right of the recipient of the power to appoint someone or more to succeed him in carrying out the task of the power-giver without dismissing his right as the recipient of power.
Section 40
.,, the letter a
., referred to as Indonesian citizens is a person based on the laws that apply to be declared a citizen of Indonesia.
Letter b
He is the one who can be trusted in his words and in his own hands. It is not lawful for you to do so, and do not do what is in the right hand.
Letter c
.,, referred to by having the expertise is someone who mastered a field of expertise based on the background of education, scholarship, and experience necessary to support the execution of the task concerned.
Having experience is the background of career travel concerned in one of the economic, financial, banking, or legal fields in particular that deals with the duties of the Central Bank.
Section 41
.,, Verse (1)
.,, for every post of Governor and or Deputy Senior Governor, the President delivers at least 3 (three) or at most 5 (five) names to the People's Representative Council no later than three months before the end of the term. Governor and Deputy Governor-Senior. The President's proposal is done with regard to the aspirations of the community.
The House of Representatives agrees to either one or reject any candidate for Governor or Deputy Senior Governor no later than three (three) weeks since the proposal is accepted.
In order to grant such consent, the House of Representatives may request a candidate for the Governor or the candidate of the Senior Deputy Governor to conduct a presentation in the House of Representatives hearings concerning the vision, experience, skill or ability, As well as matters relating to morals and morals and candidates for the Governor or the potential Deputy Governor of Senior.
Candidates who have obtained the approval of the House of Representatives are appointed and appointed as the Governor and the Senior Deputy Governor by the President as head of state with the President's decision.
Verse (2)
.,, the governor delivered the most three (three) names of candidates for each post of Deputy Governor to the House of Representatives no later than 3 (three) mo the necessary documents in the examination.
Article 30
.,, Verse (1)
.,, referred to with other parties on this paragraph are those that the Bank of Indonesia is rated as having the ability to carry out vetting, e.g. Public Accountant. Examinations by other parties may be conducted alone or together with the examiners of the Bank of Indonesia.
Verse (2)
.,, pretty clear
Verse (3)
.,, the provisions of the provisions to be set out in the Bank of Indonesia R >
.,, pretty clear.
Section 50
.,, Verse (1)
.,, the Governor, Senior Deputy Governor, and or Deputy Governor appointed to fill the vacancy meant to be reappointed as many as 1 (one) times the next term.
Verse (2)
.,, pretty clear
Verse (3)
., referred to as impediation is if the Governor and or Deputy Senior Governor:
a. serve an annual leave period;
., b. suffering from pain and must rest a minimum of 6 (six) consecutive business days;
.,, c. travel service to the area or abroad for a minimum term of 6 (six) workdays;
., d. Temporary discharge due to examination of criminal charges as a suspect.
The most recent Deputy Governor of his term is the Deputy Governor, who occupies the first order of all the Deputy Governor-based on the letter of appointment concerned as the Deputy Governor.
Section 51
.,, Verse (1)
.,, pretty clear
Verse (2)
.,, pretty clear
Verse (3)
.,, pretty clear
Section 52
., as the Government's treasury holder, the Bank of Indonesia is looking to work on the Government's account.
Section 53
.,, the acceptance of foreign loans for the benefit of the Government is only done by the Bank of Indonesia at the request of the Government. Bank Indonesia may act for and on behalf of the Government under this Act.
In accordance with the completion of the Government's obligation to foreign affairs is the Bank of Indonesia doing the payment of Government obligations on the burden of the Government's account on the Bank of Indonesia under the terms agreed between The government and the lender.
Section 54
.,, Verse (1)
.,, pretty clear
Verse (2)
.,, pretty clear
Section 55
.,, Verse (1)
.,, the Consultation is required for the issuer of the state debt letter on time and not negatively affect monetary policy so that the implementation of the sale of the debt letter may be made to the market acceptable requirements as well as the Government benefits.
Verse (2)
.,, the implementation of consultation with the People's Representative Council was conducted with a commission that led to the State Budget and Shopping Budget.
Verse (3)
., if state acceptance of taxes, corporate profits, and so on are not enough to finance the full state expenditure, the deficit above closed with funds coming from the public, whether in a domestic loan. and the foreign community by publishing state debt letters.
The purchase of state debt letters by the Bank of Indonesia can only be carried out indirectly or in the secondary market.
Verse (4)
.,, in terms of the Bank of Indonesia purchasing the country ' s debt letters in the secondary market solely for the purpose of the implementation of monetary policy.
Verse (5)
.,, the cancellation for the sake of the law may be submitted by the House of Representatives and or the public to the Supreme Court.
Section 56
.,, Verse (1)
.,, pretty clear
Verse (2)
.,, the cancellation of the by-laws in this verse may be submitted by the House of Representatives and or the public to the Supreme Court.
Section 57
.,, Verse (1)
.,, the Bank of Indonesia cooperation with international institutions including multilateral is done in order to carry out the duties as referred to in Article 8.
Such cooperation is in the field:
a. Mutual intervention for the stability of the foreign exchange market;
B. the completion of the cross-country transaction;
c. correspondent relationships;
., d. exchange information on matters related to the Central Bank tasks, including in performing the Bank's oversight;
., e. training/research such as monetary issues and payment systems.
Verse (2)
.,, the membership of the Bank of Indonesia on multilateral institutions is meant to be based on the President's power as head of state.
Section 58
.,, Verse (1)
.,, the letter a
.,, pretty clear
Letter b
.,, pretty clear
Verse (2)
.,, the delivery of information to the President is informative, while the delivery of information to the People's Representative Council is intended that the country's higher institutions be able to supervise the Bank of Indonesia in establishing and implementing its policies.
Verse (3)
.,, in order to perform the supervision function by the People's Representative Council, the Bank of Indonesia delivered a report on the development of the execution of its duties and its authority.
Verse (4)
.,, pretty clear
Section 59
.,, a special examination of the People's Representative Council's request against the Bank of Indonesia is intended to find out more about a particular problem or activity related to financial management and budget execution. by the Bank of Indonesia.
Section 60
.,, Verse (1)
.,, pretty clear
Verse (2)
.,, the Bank of Indonesia's annual budget delivery which has been assigned to the Board of Governors and evaluation of the implementation of the budget years ago to the House of Representatives is intended to be able to monitor the management of the Bank of Indonesia's authority in the budget whereas for the Government intended as an information material relating to the surplus or budget deficit of the Bank of Indonesia.
Verse (3)
.,, pretty clear
Section 61
.,, Verse (1)
.,, which is referred to by the Bank Indonesia ' s annual financial report is the balance sheet and reports of receipts and expenses along with its headlights.
The difference between acceptance and spend over a year of the budget is a surplus that can be used for the General Reserve and the Purpose Reserve.
In terms of smaller admission than spending, Bank Indonesia is experiencing a deficit that can be closed off the General Reserve and capital.
Verse (2)
.,, the Financial Examiner 's Agency in doing its job inspeting the Bank Indonesia' s financial statements may use the services of a public accounting office that has an international reputation.
Verse (3)
.,, pretty clear
Verse (4)
.,, the Bank Indonesia 's annual financial report announced to the public is a brief financial report consisting of a brief balance sheet and a report on receipt and expenditure that has been audited by the Financial Examiner' s Agency.
Section 62
.,, Verse (1)
.,, the General Reserve is used to add capital or close the Bank Indonesia deficit, while the Purpose Reserve is used among others for reimbursed and fixed property renewal, procurement of equipment required, and develeither voluntarily submitted by the concerned or caused by the provisions as referred to in Article 46 of the paragraph (2) or Article 47 of the paragraph (2).
The dismissal for committing a criminal offence as referred to in this section must be proved by a court decision that has had a fixed legal force.
A fixed impediation is the death of the world, experiencing a physical disability and or a mental disability that does not allow the concerned to carry out his duties properly or lose Indonesian citizenship.
Section 49
Under Law No. 13 of 1968 on the Central Bank, the Bank Indonesia surplus division for the Reserve Goal is set to be 20% (twenty per hundred) used for fixed asset replacement/update costs and equipment treated in carrying out the duties and efforts of the Bank of Indonesia.
In this Act, the Purpose Reserve is used for reimbursed and fixed property renewal, procurement of supplies required, development of human resources and organizations in carrying out the duties and authority of the Bank of Indonesia as well as the inclusion as referred to in Section 64.
The Bank of Indonesia surplus to Reserve Purpose in the Act was increased to 30% (thirty per hundred), considering the challenges facing the Bank of Indonesia among others the need for improvement of the quality of human resources. continuity as well as the need for improved quality of information technology.
Verse (2)
.,, in terms of capital including the General Reserve has reached 10% (ten per hundred) of monetary liability, the remaining surplus that is part of the Government first must be used to pay the Government ' s obligations to the Bank of Indonesia.
Verse (3)
.,, the Government 's Oblicity closes the minimum capital shortage of the Bank of Indonesia can be carried out by means of issuable state debt issuer no later than 1 (one) month since the Bank of Indonesia' s financial report published.
The maximum amount to be paid by the Government is less than Rp2,000.000.000.00 (two trillion rupiah) with the amount of capital available in the financial report above.
Verse (4)
.,, the provisions of this paragraph are intended to fulfill the adequates of the capital of Bank Indonesia by 10% (ten per hundred) of monetary obligations can be immediately reached. In terms of capital Bank Indonesia already reaches 10% (ten per hundred) of monetary liability, most of the surplus by the Bank of Indonesia is handed over to the state through the Government.
Article 63
.,, the weekly brief balance sheet announcement in the State News of the Republic of Indonesia is intended as an official publication in order to disseminate the brief balance sheet to the public.
Section 64
.,, Verse (1)
.,, the provisions of this paragraph are intended to provide a restriction on capital inclusion by the Bank of Indonesia in a specific legal entity or body.
The legal entity or other body that is indispenable in carrying out the duties of the Bank of Indonesia is among the other clearing institutions, tiring bodies, and the guarantor institutions.
Inclusion outside the legal entity or other necessary body can only be done when it has been obtained by the approval of the People's Representative Council.
Verse (2)
.,, pretty clear
Section 65
.,, pretty clear.
Section 66
.,, pretty clear.
Section 67
.,, pretty clear.
Section 68
.,, pretty clear.
Section 69
., referred to as the body in this provision is all bodies, e.g. legal entities, civil alliances, foundations, associations or other bodies set forth as respondents in a survey.
Section 70
.,, Verse (1)
.,, pretty clear
Verse (2)
.,, pretty clear
Section 71
.,, Verse (1)
.,, which is secret to this verse is the secret of the office.
In question, any other party that performs a particular task is the other party appointed or approved by the Bank of Indonesia to perform the tasks referred to among others in Article 14 of the paragraph (2), Section 17 of the paragraph (1), Section 18 of the paragraph. (2), Article 30 of the paragraph (1), Article 32 of the paragraph (3), and Article 39 of the paragraph (3).
Against the law is, if a person or body intentionally commits an act that is contrary to the laws of the law.
Verse (2)
., clear enough.
Verse (3)
.,, the provisions of the provisions to be specified in the Governor ' s Council Regulation include:
., a., a. Description and other data that are classified, among other information and individual data obtained through the survey and the individual data Bank's participants, are provided;
B. treatment of the caption and other data that are confidential;
c. The disclosure procedures and other data that are confidential;
., d. The official authorities revealed the details and other data that are confidential.
Section 72
.,, Verse (1)
.,, the authority of the Board of Governors to establish administrative sanctions as set forth in this section applies to violations of the provisions contained in this Act and the regulation of the Act of this Act, namely Indonesia Bank Regulation and the Rules of the Governor ' s Council.
The other party is the person or body set in this Act as referred to in Article 2 of the paragraph (4), Article 9 of the paragraph (1), Section 14 of the paragraph (3), Section 17 of the paragraph (1), Section 18 of the paragraph (2), Section 28 of the paragraph (1) and the paragraph of the paragraph (2). (2), and Article 29 of the paragraph (3), Article 30 of the paragraph (1), Article 32 paragraph (3), Article 39 of the paragraph (3) and the parties designated under the provisions of this Act.
Verse (2)
.,, the letter a
.,, referred to as a fine is the obligation to pay any amount of money as a result of not being subject to any provision in this Act.
Letter b
.,, pretty clear
Letter c
.,, the revocation or cancellation of the venture permit against the agency is carried out by the authorities based on the request of the Bank of Indonesia.
A business entity is an entity appointed or approved by the Bank of Indonesia to perform the duties of the Bank of Indonesia as referred to in Article 14 of the paragraph (2), Article 17 of the paragraph (1), Article 18 of the paragraph (2), Article 30 of the paragraph (1), Article 32 paragraph (3), Article 39 of the paragraph (3) and other entity designated under the provisions of this Act.
Letter d
.,, the sanction of discipline is only imposed against employees of the Bank of Indonesia under the rules of the disciplinary discipline established with the Rules of the Board of Governors.
Verse (3)
.,, further arrangements of administrative sanctions imposed against other parties outside the Bank of Indonesia are specified with the Bank of Indonesia Regulation, while the administrative sanctions imposed against the Indonesian Bank employees are specified with the Governor ' s Council Regulation.
The provisions of the provisions to be specified in the Bank of Indonesia Regulation include:
a. Types of violations that are subject to administrative sanction;
B. the magnitude of the administrative sanction that is a fine;
c. tata the way of an administrative sanction.
The provisions of the provisions to be set in the Order of the Board of Governors include another:
a. Types of violations that are subject to administrative sanction;
B. Employee disciplinary sanction types;
c. tata method of the imposition of the staffing discipline of the staffing.
Section 73
.,, the Discourse of Assets and the paciva Bank Indonesia as referred to in this section are exercised since the enactment of this Act.
Section 74
.,, Verse (1)
.,, by the enactment of this Act, the Bank of Indonesia can no longer provide liquidity credit in the framework of the program credit.
The State-Owted Business Agency appointed by the Government is a State-Owled Business Agency whose financial condition is healthy.
The transfer of credit as referred to in this verse includes the transfer of the loan of the funds that funds from abroad and technical assistance in order to sup
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