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Jakarta Post
The Jakarta Post
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Commentary: Blanket guarantee protects not the rich, but the rupiah

  • Riyadi Suparno

    The Jakarta Post

| Thu, November 13 2008 | 08:01 am

PREMIUM “If you had Rp 25 billion (US$2.5 million) in a bank, what would you do with it?” asked a businessman during a chat at a private business gathering in Jakarta.
Because the government guarantees bank savings of up to Rp 2 billion, the logical answer would be to spread the money to more banks. But to qualify for the guarantee, you would have to spread it over 12 banks.