REGION C – ASIA

THE SINKING OF THE TITANIC

(April 14-15, 1912 – North Atlantic Ocean)

Bank Indonesia

(Jakarta, Indonesia)

ROTHSCHILD OWNED & CONTROLLED CENTRAL BANK

The Official Story

BANK INDONESIA
(Jakarta, Indonesia)

Bank Indonesia (BI) is the central bank of the Republic of Indonesia. Perry Warjiyo is its current governor.

History

King William I of the Netherlands granted the right to create a private bank in the Indies in 1826 which was named De Javasche Bank (Bank of Java). It was founded on 24 January 1828 and later became the circulation bank of the Dutch East Indies. The bank regulated and issued the Netherlands Indies gulden.

In 1881, an office of De Javasche Bank was opened in Amsterdam. Later followed the opening of an office in New York. By 1930 the bank owned sixteen office branches in the Dutch East Indies: Bandung, Cirebon, Semarang, Yogyakarta, Surakarta, Surabaya, Malang, Kediri, Banda Aceh, Medan, Padang, Palembang, Banjarmasin, Pontianak, Makassar, and Manado.

De Javasche Bank was operated as a private bank and individuals as well as industries etc. could get help in the bank’s offices.

Bank Indonesia was founded on 1 July 1953 from the nationalisation of De Javasche Bank, three years after the recognition of Indonesia’s independence by Netherlands.

For the next 15 years, Bank Indonesia carried on commercial activities as well as acting as the nation’s national bank and is in charge in issuing Indonesian rupiah currency. This came to an end with the Act No. 13 of 1968 on the Central Bank, transforming Bank Indonesia as a central bank.

The act was subsequently replaced by Act No. 23 of 1999, giving the bank independence from governmental control. Thereafter, the bank reported to the parliament (DPR) instead of the President, and the bank’s governor was no longer a member of the cabinet.

Strategic objectives

The Bank describes its strategic objectives as being:

Maintain monetary stability

Maintain the financial sustainability of the Bank of Indonesia

Strengthen the effectiveness of monetary management

Create a sound and effective banking system and financial system stability

Maintain the security and effectiveness of the payment system

Increase the effectiveness of Good Governance implementation

Strengthen the organisation and build highly competent human resources with the support of a knowledge-based work culture

Integrate the Bank of Indonesia’s transformation in line with Bank Indonesia’s destination statement of 2008

Source: Wikipedia