Tugas dan Fungsi Bank Indonesia

Summary

This video provides an overview of Bank Indonesia's evolution, focusing on its role in maintaining the stability of the rupiah. Celebrating Bank Indonesia Day every July 5th, the script highlights the transition from the Javas Bank to Bank Indonesia in 1953, and its current functions. While the Financial Services Authority (OJK) handles banking regulation, Bank Indonesia's primary responsibilities include monetary policy, the payment system, and financial system stability. The script also touches on the leadership of Agus Martuar Wardo, the current Governor of Bank Indonesia, and his prior experience in the banking sector and as Minister of Finance.

Takeaways

• 😀 July 5th is commemorated as Bank Indonesia Day, marking an important event in Indonesia's banking history.
• 😀 The Financial Services Authority (OJK) now handles regulatory and supervisory functions related to banking, shifting Bank Indonesia's focus to other areas.
• 😀 Bank Indonesia's main functions include determining and implementing monetary policy, regulating the payment system, and ensuring financial system stability.
• 😀 The Javas Bank, founded in 1828 by the Dutch East Indies government, was tasked with printing and circulating money before Bank Indonesia was established.
• 😀 In 1953, Bank Indonesia replaced Javas Bank as Indonesia's central bank, taking over key roles in monetary policy, banking, and payment systems.
• 😀 Bank Indonesia's primary goal is to achieve and maintain the stability of the rupiah's value, focusing on both its value against goods and services and other currencies.
• 😀 After the establishment of OJK, Bank Indonesia shifted focus to macroprudential oversight, ensuring the stability of the entire financial system rather than just individual institutions.
• 😀 Bank Indonesia remains the sole institution authorized to issue money in Indonesia.
• 😀 The leadership of Bank Indonesia includes a board of governors, consisting of a governor, a senior deputy governor, and at least four but no more than seven deputy governors.
• 😀 Agus Martowardojo has served as the Governor of Bank Indonesia since 2013, succeeding Darmin Nasution. He previously served as Indonesia's Finance Minister.

Q & A

What is commemorated on July 5th each year in Indonesia?

July 5th is commemorated as Bank Indonesia Day, marking an important event in the country's financial history.

What was the primary role of Bank Indonesia before the appointment of the Financial Services Authority (OJK)?

Before the appointment of OJK, Bank Indonesia (BI) was responsible for regulating and supervising the banking sector in Indonesia.

What are the main functions of Bank Indonesia after the appointment of the OJK?

After the appointment of OJK, BI now focuses on three main functions: implementing monetary policy, regulating and maintaining the smooth operation of the payment system, and maintaining the stability of the financial system.

What was the role of Javas Bank, which was founded in 1828?

Javas Bank, founded in 1828 by the Dutch East Indies government, was tasked with printing and circulating money as a circulation bank.

What was the key change made in 1953 regarding the establishment of Bank Indonesia?

In 1953, the Basic Law of Bank Indonesia stipulated the establishment of Bank Indonesia to replace Javas Bank and take on the role of the central bank, focusing on monetary policy, banking, and payment systems.

What is the single goal of Bank Indonesia as a central bank?

The single goal of Bank Indonesia as a central bank is to achieve and maintain the stability of the rupiah's value.

What are the two aspects of maintaining the stability of the rupiah's value?

The two aspects are the stability of the rupiah against goods and services and its stability against other currencies.

What is the main responsibility of Bank Indonesia in terms of money circulation?

Bank Indonesia is the only institution authorized to circulate money in Indonesia.

How is Bank Indonesia governed?

Bank Indonesia is governed by a board of governors, which includes a governor, a senior deputy governor, and at least four and at most seven deputy governors.

Who served as the Governor of Bank Indonesia since 2013, and what was his previous role?

Since 2013, Agus Martuar Wardo has served as the Governor of Bank Indonesia, after replacing Darmin Nasution. Prior to this, Agus had been active in the banking sector and served as Indonesia's Minister of Finance, replacing Sri Mulyani.