Bank Indonesia Expands QRIS to Singapore and Eyes Broader Asian Implementation
Bank Indonesia will expand the use of the Quick Response Code Indonesian Standard (QRIS) to Singapore, starting on 17th November....
Bank Indonesia
QRIS Complete Applicable for Withdrawal, Transfer, and Deposit
The Governor of the Bank of Indonesia (BI), Perry Warjiyo, has stated that the new QRIS feature for cash withdrawal,...
OJK and Bank Indonesia to Supervise the Crypto Exchange
The Indonesian parliament has passed the Omnibus Law for the financial sector (P2SK). This will have an impact on crypto...
Bank Indonesia: Inflation Could Approach 5 percent
Bank Indonesia (BI) Governor Perry Warjiyo has said the inflation rate in Indonesia will be at a higher level than...
New Rp1,000-100,000 Banknotes Launched
Bank Indonesia (BI) has officially released new banknotes for the 2022 issue of denominations between Rp1,000-100,000. BI Governor Perry Warjiyo...
Indonesia’s Golden Age: The Tiger is Awake
We wrote a blog just after President Jokowi won the last election, to look at what was being touted as...
ASEAN Cross-Border QR Payment in Works
Bank Indonesia (BI) is planning to start implementing cross-border QR payment cooperation with Malaysia and Thailand on a commercial basis...
European Investment Bank (EIB) Opens Representative Office in Jakarta
The European Investment Bank (EIB) has decided to open a representative office in Jakarta to be the focus of EIB’s...
Indonesia Adapts Technology Rapidly Amidst Pandemic
Indonesia is said to be rapidly adapting technology in the midst of the COVID-19 pandemic. Agung Purwoko, the principal economist...
Limited Copies of New Rp75,000 Banknote Now Available
Bank Indonesia (BI) has issued a new Rp75,000 banknote to commemorate the 75th anniversary of the Republic of Indonesia. The...
Bank Indonesia Projects Inflation Rate to be at 0.07% in March
Bank Indonesia (BI) has forecasted that Indonesia’s inflation rate in March 2019 will reach 0.07 per cent month-to-month. This is...
Wednesday Rate Hike Possible, Says Bank Indonesia
Bank Indonesia Governor Perry Warjiyo indicated on Monday that the central bank could raise its benchmark seven-day reverse repo rate...
Bitcoin Could Destabilize Financial System, Warns Bank Indonesia
Trading in cryptocurrencies such as Bitcoin could lead to losses and destabilize Indonesia’s financial system, declared Bank Indonesia in a...
‘Electronic Money’ Cards Free October 16-31, BI announces
Bank Indonesia has announced customers who wish to purchase electronic money cards from five issuing banks from October 16 to...
Bank Indonesia Warns Of Fake Cash Across Country
Bank Indonesia has warned that while counterfeit banknotes have dropped in circulation in recent years consumers must stay savvy as...
Bank Indonesia Puts Money On Redenomination of the Rupiah
The central bank Governor Agus Martowardojo said the macroeconomic condition is currently stable and healthy enough to support redenomination....
Key Sectors to Cash In On Bank Indonesia Cashless Payments
Bank Indonesia, the country?s central bank, is developing a National Payment Gateway which will soon see electronic payments processed within...
Bank Indonesia To Cap Foreign Banknotes Entering Country
From March 5, 2018, carrying foreign banknotes equal or more than US$75,148 will be illegal if not registered with Bank...
New Credit Card Interest Rates From June After Bank Indonesia Rule
Customers will be notified of changes to credit card interest rates in the lead up to the June 1 drop....
Online Hazards
Victims of online retail fraud in Indonesia tend to cut their losses, chalking down their experience as a lesson to...