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Jakarta Post
The Jakarta Post
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Financial services to resume on final day of Idul Fitri break

  • News Desk
    News Desk

    The Jakarta Post

Jakarta | Mon, May 7, 2018 | 02:34 pm
Financial services to resume on final day of Idul Fitri break The Financial Services Authority (OJK) logo is seen at its headquarters in Jakarta. (kontan.co.id/File)

Activities in the stock market will resume on the last day of the extended Idul Fitri public holiday, which is scheduled for June 11 to 20, according to Financial Services Authority (OJK) chairman Wimboh Santoso.

“The 20th [of June], will be business as usual at the stock exchange. We have decided that clearing activities will open on the 19th. So, banks can carry out settlements on the 19th. Therefore, if anyone wanted to make a transaction on the stock exchange on the 20th, it would be ready,” Wimboh said during a press conference in Jakarta on Monday as reported by kompas.com.

He went on to say that banks would see limited operations during the 10-day Idul Fitri holiday.

“This is not the first [extended break] for financial services, especially banking. Though there is a holiday, services will continue; [transaction can be done via] ATMs, and banks may also operate,” Wimboh said.

Bank Indonesia (BI) Deputy Governor Sugeng confirmed that the central bank would also resume operations on June 19.

“BI will be ready on June 19 for limited operations, for cash and non-cash transactions,” Sugeng said during the same occasion.

The government previously announced it would maintain its Joint Ministerial Decree (SKB) to extend the extended Idul Fitri holiday, which is optional.

Therefore, companies that prefer to have a shorter break may do so. (dwa)

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