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Financial authority tells customers 'not to worry' about closure of Aceh's conventional banks
Financial Service Authority (OJK) chairman Wimboh Santoso has said that customers of conventional banks need not worry about the Aceh government's plan to close all conventional banks in the province, as they could still access banking services
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The Financial Services Authority (OJK) building in Jakarta (Kontan /-)
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inancial Service Authority (OJK) chairman Wimboh Santoso has said that customers of conventional banks need not worry about the Aceh government's plan to close all conventional banks in the province, as they could still access banking services.
“The people don't need to worry, as they can access bank services from anywhere without being constrained by regional restrictions,” Wimboh said in Jakarta on Thursday, as reported by kompas.com.
OJK commissioner and banking supervision CEO Heru Krisriyana said the provincial government had the authority to close Aceh's conventional banks and could implement the policy as long as the people accepted the decision.
“If that's what the local government wants, they can go ahead. Whether it can be implemented or not depends on the people. Most of the people there are Muslims, so why can’t they?” he said, adding that the Aceh government had informed the OJK of its plan.
To implement the new banking policy, the Aceh provincial legislative Council (DPRA) is currently preparing a draft qanun (Islamic bylaw) on sharia financial institutions that will be used as the legal basis for closing conventional banking operations in the province. (bbn)
