About Bank Indonesia
In its capacity as central bank, Bank Indonesia is mandated with one overarching goal, namely to create and maintain rupiah stability. Towards that goal, Bank Indonesia is tasked with managing the Monetary sector, Payment System and Financial System Stability, which are integrated to ensure the overarching goal is achieved effectively and efficiently. Find out more on the organisational profile, history and transformation of Bank Indonesia through the following menus:
Profile
STATUS AND POSITION OF BANK INDONESIA
An Independent State Institution
A new chapter in the history of Bank Indonesia as an independent central bank was ushered in on 17th May 1999 when the Bank Indonesia Act (No. 23 of 1999) was enacted, which has subsequently been amended by Act No.6 of 2009. The BI Act confers status and position as an independent state institution, free from interference by the Government and/or other parties, unless explicitly stipulated in prevailing laws.
In accordance with the BI Act, Bank Indonesia is a fully autonomous state institution in terms of formulating and implementing its duties and responsibilities. Furthermore, Bank Indonesia has a duty to reject or disregard any attempt of intervention or interference by any party, while external parties have no grounds or justification to interfere with task implementation at Bank Indonesia.
The special status and position conferred are necessary to ensure Bank Indonesia can effectively and efficiently implement its role and function as the monetary authority.
As a Legal Entity
Bank Indonesia’s status as a public legal entity or civil legal entity is explicitly stipulated in prevailing laws. As a public legal entity and in accordance with its duties and responsibilities, Bank Indonesia is authorised to issue legally binding regulations in the implementation of the law. As a civil legal entity, Bank Indonesia is authorised to represent itself within and outside a court of law.
Contact
Bank Indonesia
Jl MH Thamrin No 02, Jakarta 10350
Contact Center Bank Indonesia (BICARA 131)
Telp 1500131 (dari dalam dan luar negeri), bicara@bi.go.id
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