Bank of Indonesia
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| Headquarters | Jakarta, Indonesia | ||
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| Established | 1 July 1953 | ||
| Governor | Agus Martowardojo | ||
| Central bank of | Indonesia | ||
| Currency |
Indonesian rupiah IDR (ISO 4217) |
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| Website | www |
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Bank Indonesia (BI) is the central bank of the Republic of Indonesia. Agus Martowardojo, formerly the finance minister, is the current governor. The last governor before Agus Martowardojo was Darmin Nasution who resigned at 23 May 2013. Agus Martowardojo was sworn in by president Susilo Bambang Yudhoyono on 23 May 2013.
Finance Minister Sri Mulyani Indrawati was proposed as a candidate for governor of BI in 2009. However, the suggestion did not proceed and she later left the cabinet on 5 May 2010 and moved to the World Bank Group as Managing Director. [1][2]
By 26 March 2013, panel of Indonesian parliament member approved Finance Minister Agus Martowardojo to become the central bank governor.
King William I of the Netherlands granted the right to create a bank in the Indies in 1826 which was named "De Javasche bank" or "The Java Bank". 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 the Java 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, Surabaja, Malang, Kediri, Banda Aceh, Medan, Padang, Palembang, Banjarmasin, Pontianak, Makassar, and Manado.
The Java 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, the Bank of Indonesia carried on commercial activities as well as acting as the nation’s national bank and is in charge in issuing Rupiah currency.
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Wikipedia