Banks, bourse to open on June 3 despite govt holiday

Banks will remain open for cash and transfer transactions and the Indonesian Stock exchange will operate as normal on Friday, June 3, which the government has declared a compulsory day of leave for civil servants and state institutions, officials have said.

Bank Indonesia (BI) will limit its operations to third-party bank related activities only, and real time gross settlement (RTGS), scriptless securities settlement system (SSSS) and the national clearing system (SKNBI) will operate as normal.

“Bank Indonesia will be closed to the public, but will remain open for limited transactions, for cash and non-cash transactions both in rupiah and in other foreign currencies,” the central bank’s official announcement read.

The Indonesia Stock Exchange (IDX) followed the central bank’s lead, declaring that banking activities, mainly settlements and transfers for traders and investors, would operate as usual.

“The stock exchange will open on June 3 to serve the public,” Wan Wei Yiong, an IDX director, told The Jakarta Post in a text message.

The government has declared Friday, June 3 as a “collective leave” day, to bridge the weekend with the June 2 national holiday marking Christ Ascension Day.