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History & Organization of Bank Indonesia

Explaing the history and organzation of Bank Indonesia

WahonoDiphayana
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History & Organization of Bank Indonesia

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  1. HISTORY & ORGANIZATION OF BANK INDONESIA Wahono Diphayana Powerpoint Templates Powerpoint Templates Page 1

  2. HISTORY OF BANK INDONESIA In 1746, VOC in Java established De Bank van Leening which subsequently turned into De Bank Courant en Bank van Leening in 1752. This was the first bank set up in the archipelago and the pioneer the banking sector for the following years. Powerpoint Templates Page 2

  3. HISTORY OF BANK INDONESIA On Administration founded a circulation bank called De Javasche Bank (DJB). For decades this bank was operating and developing based upon a exclusive right of the Dutch Kingdom rulers. Such exclusive became a act, namely the DJB Bank Act of 1922. 24 January 1828, the Makasar Powerpoint Templates Page 3

  4. HISTORY OF BANK INDONESIA The Japanese occupation virtually halted the DJB activities and the Dutch Indies banking for a while. During the revolution era, Administration was confronted with the power dualism, between the Republic Nederlansche Indische Civil Administrative (NICA). Likewise, the banking institution was divided into two, DJB and other Dutch Banks in the NICA territories, and “Jajasan Poesat Bank Indonesia” and Bank Negara Indonesia in the Republic of Indonesia’s territories. the Dutch Indies of Indonesia (RI) and Powerpoint Templates Page 4

  5. HISTORY OF BANK INDONESIA The Round Table Conference in 1949 ended the clashes between Indonesian and Holland. As a result, DJB was determined as the Central Bank for the Republic Indonesian Serikat (RIS). This status remained until the return of the Republic of Indonesia to the unitary state. Afterwards, as sovereign nation and state, the Republic of Indonesia nationalized its Central Bank. As from 1 July 1953, DJB became Bank Indonesia as the Central Bank for the Republic of Indonesia. Powerpoint Templates Page 5

  6. HISTORY OF BANK INDONESIA A new chapter in the history of Bank Indonesia as an independent central bank was initiated when a new Central Bank Act, the UU No. 23/1999 on Bank Indonesia, was enacted on May 17, 1999 and have which has been amended with UU No.3/2004 on January 15, 2004. The Act confers it the status and position as an independent state institution and freedom from interference by the Government or any other external parties. Powerpoint Templates Page 6

  7. HISTORY OF BANK INDONESIA As an independent state institution, Bank Indonesia is fully autonomous in formulating and implementing each of its task and authority as stipulated in the Act. External parties are strictly prohibited from interfering with Bank Indonesia's implementation of its tasks, and Bank Indonesia has the duty to refuse or disregard any attempt of interference in any form by any party. Powerpoint Templates Page 7

  8. HISTORY OF BANK INDONESIA Such unique status and position are necessary so that Ba​nk Indonesia can implement its role and function as monetary authority more effectively and efficiently Powerpoint Templates Page 8

  9. BANK INDONESIA AS A LEGAL ENTITY Whether as a public legal entity or as civil legal entity, the position of Bank Indonesia is regulated by the statutes. As a public legal entity, Bank Indonesia has the authority to issue policy rules and regulations, which are binding to the public - at - large. As a civil legal entity, Bank Indonesia is able to represent itself in and outside the court of law. Powerpoint Templates Page 9

  10. THE ORGANIZATION OF BANK INDONESIA Powerpoint Templates Page 10

  11. BOARD OF GOVERNORS Appointment and Dismissal of Board of Governors In implementing its duties and responsibilities, Bank Indonesia is managed by the Board of Governors. The Board is led by a Governor who is assisted by a Senior Deputy Governor as the Vice-Governor, and at least four and not more than seven Deputy Governors. The Members of the Board of Governors shall be appointed for a term of office of 5 (five) years and may be reappointed to the same position for no more than 1 (one) subsequent term of office. Powerpoint Templates Page 11

  12. BOARD OF GOVERNORS Appointment and Dismissal of Board of Governors The Governor, Senior Deputy Governor, and Deputy Governors shall be proposed and appointed by the President with the approval of the House of Representatives. Candidates for Deputy Governor shall be proposed by the President pursuant to a recommendation of the Governor (vide Article 41 Act No.3, year 2004 amandment to Act No.23, year 1999). Powerpoint Templates Page 12

  13. BOARD OF GOVERNORS Appointment and Dismissal of Board of Governors A member of the Board of Governors may not be dismissed during his or her term of office, unless the person are resigns, convicted of a felony, unable to attend in person for a period of 3 (three) consecutive months without reasonable cause, is declared bankrupt or unable to settle liabilities to creditors, or is permanently incapacitated. Powerpoint Templates Page 13

  14. BOARD OF GOVERNORS Decision Making Process As the Bank’s highest decision making forum, the Board of Governors Meeting is conducted at least once every month to deliberate and to decide on general policy on monetary affairs, and at least once a week to evaluate policy implementation or to decide on other strategic and principle policy. The Board’s decision making process puts emphasis on deliberations - to reach - agreement. When deliberations fail to produce an agreement, the Governor will exercise his authority to decide for the Board Powerpoint Templates Page 14

  15. BOARD OF GOVERNORS PROFILE Governor : Agus D.W. Martowardojo Senior Deputy Governor : Mirza Adityaswara Deputy Governor : Ronald Waas Powerpoint Templates Page 15

  16. BOARD OF GOVERNORS PROFILE Deputy Governor : Perry Warjiyo Deputy Governor : Hendar Deputy Governor : Erwin Rijanto Powerpoint Templates Page 16

  17. ORGANIZATION STRUCTURE OF BI Powerpoint Templates Page 17

  18. BANK INDONESIA ACTS 1. Acts Nr. 6 / 2009 on Bank Indonesia 2. Acts Nr. 3 / 2004 Concerning Amendment to Act of the Republic of Indonesia Number 23 of 1999 Concerning Bank Indonesia 3. Acts Nr. 23 / 1999 on Bak Indonesia 4. Acts Nr. 21 / 2008 on Sharia (Islamic) Banking 5. Acts Nr. 3 / 2011 Cocerning Fund Transfer Powerpoint Templates Page 18

  19. INTERNATIONAL COLLABORATION UNDERTAKEN BY BANK INDONESIA Bank Indonesia advocates collaboration with international institutions to buttress task performance continuity related to economic, monetary and banking fields. Bank Indonesia currently participates in international collaboration covering the following aspects: 1. Joint intervention for foreign exchange market stability. 2. Settlement of cross-border transactions. 3. Correspondent relationships. 4. Information exchange on subjects related to the roles and functions of the central bank 5. Training/research in monetary and payment system sectors. Powerpoint Templates Page 19

  20. INTERNATIONAL COLLABORATION UNDERTAKEN BY BANK INDONESIA Bank Indonesia’s membership of several international institutions and forums include: 1. The South East Asian Central Banks Research and Training Centre (SEACEN Centre) 2. The South East Asian, New Zealand and Australia Forum of Banking Supervision (SEANZA) 3. The Executive’ Meeting of East Asian and Pacific Central Banks (EMEAP) 4. ASEAN Central Bank Forum (ACBF) 5. Bank for International Settlements (BIS) Powerpoint Templates Page 20

  21. INTERNATIONAL COLLABORATION UNDERTAKEN BY BANK INDONESIA Memberships of Bank Indonesia as a representative of the Indonesian Government include: 1. Association of South East Asian Nations (ASEAN) 2. ASEAN+3 (ASEAN + China, Japan and Korea) 3. Asia Pacific Economic Cooperation (APEC) 4. Manila Framework Group (MFG) 5. Asia-Europe Meeting (ASEM) 6. Islamic Development Bank (IDB) 7. International Monetary Fund (IMF) Powerpoint Templates Page 21

  22. INTERNATIONAL COLLABORATION UNDERTAKEN BY BANK INDONESIA 8. World Bank, including membership of International Bank of Reconstruction and Development (IBRD), International Development Association (IDA) and International Finance Cooperation (IFC), as well as Multilateral Investment Guarantee Agency (MIGA) 9. World trade Organization (WTO) 10. Intergovernmental Group of 20 (G20) 11. Intergovernmental Group of 15 (G15, as an observer) 12. Intergovernmental Group of 24 (G24, as an observer) Powerpoint Templates Page 22

  23. THANK YOU Powerpoint Templates Page 23

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