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Jakarta Post

Finance minister allowed to put signature on new banknotes

  • Esther Samboh

    The Jakarta Post

Jakarta   /   Wed, May 25 2011   /  08:00 am

After a round of delays, the government and the House of Representatives have finally agreed to pass the currency bill for final approval at the House plenary session next week, despite criticism from a central bank deputy governor.

Legislators approved the governments’ request to add the finance minister’s signature to banknotes during the final debate at House Commission XI overseeing financial affairs on Tuesday.

The finance minister will begin signing the banknotes on the 69th anniversary of the Independence Day on Aug. 17, 2014.

The currency bill has been delayed several times already due to prolonged debates on the additional signature.

However, contrary to his institution’s stance, Bank Indonesia (BI) deputy governor for payment systems, Budi Rochadi, made a controversial statement on Monday, saying that the government would have to hold certain ...