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Jakarta Post
The Jakarta Post
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BI wants to scrap SBI papers

  • Esther Samboh

    The Jakarta Post

Jakarta | Wed, January 4 2012 | 07:22 am
BI wants to scrap SBI papers

PREMIUM Deeming them no longer an effective tool to control the nation’s money supply, Bank Indonesia (BI) says it will completely scrap its debt papers to help it meet monetary targets.

BI Governor Darmin Nasution said on Tuesday that the central bank would replace Bank Indonesia certificates (SBI) with government debt papers to better manage the money supply within the levels set by the central...