Bank Indonesia

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Bank Indonesia is the central bank of the Republic of Indonesia that establishes and maintains rupiah stability. In terms of Bank Indonesia’s roles and functions, accountability and transparency principles are applied through the regular and open publication of information to the public via the mass media, at the beginning of each year, regarding the evaluation of monetary policy implementation in the previous year, as well as monetary policy planning and the setting of monetary targets for the year ahead. Bank Indonesia is an independent state institution that has freedom from interference by the Government or any other external parties. Its objective incorporates two key aspects such as a stable rupiah for goods and services, reflected by the inflation rate and exchange rate stability against other foreign currencies, which is reflected by rupiah performance against other foreign currencies. It is headquartered in Jakarta.