BI's Money-Saving Strategy
Bonds issued by the government for bank rescues will be tradable. But there are fears they will only spoil the market.
March 16, 2004
THE agreement was finally achieved after a two-hour meeting in the Finance Department office, Banteng Square, on Friday afternoon. Leading the team of Bank Indonesia (BI) was head of the financial system stability bureau, Muliaman D. Hadad, while Darmin Nasution, Director General of Financial Institutions, and Firdaus Djaelani, Director of Insurance, represented the government.
The meeting approved the descriptions of tasks and responsib
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