Regulatory Alerts2020-09-28
Bank Indonesia Regulation Number 22/14/PBI/2020 on Monetary Operation
Bank Indonesia issued Regulation Number 22/14/PBI/2020 to replace previous regulations and strengthen monetary operations for achieving rupiah stability. The regulation establishes a dual framework for conducting monetary policy through both conventional mechanisms and Sharia-compliant principles. It details the implementation of Open Market Operations and Standing Facilities, defining specific instruments such as SBI, SBIS, and SukBI for liquidity management in money and foreign exchange markets.
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