[ad_1]
Jakarta, CNBC Indonesia – The Legislation Body (Baleg) of DPR RI is currently drafting the Bank of Indonesia (BI) bill. Board members have also held initial internal discussions.
From the material for the Baleg meeting received by CNBC Indonesia on Tuesday (9/1/2020), it was written that Article 9 of BI Law number 23/1999 states that other parties cannot interfere in the implementation of the obligations BI will be abolished. This item will be replaced by new items, namely 9A, 9B and 9C.
The new article of the bill will be modified in which the government will participate in the performance of its functions through the formation of a monetary council. Your job is to assist the government and BI in planning and setting policy.
“The Monetary Council leads, coordinates and directs monetary policy in accordance with the government’s general policies in the economic sector,” the draft reads.
The monetary council will be composed of five (5) members, namely:
1. The Minister of Finance as chairman of the board,
2. A minister in charge of the economy,
3. Governor BI,
4. Also the Senior Lieutenant Governor of BI
5. Chairman of the Board of Commissioners of the Financial Services Authority (OJK).
However, if necessary, the Government can add several ministers as advisory members of the Monetary Board. The Secretariat of the Monetary Board is organized by BI.
The Monetary Board is also required to hold meetings at least twice a month or as needed if there is an urgent situation.
[Gambas:Video CNBC]
(dru)
