What’s Behind the BI Resignations?
A total of five Bank Indonesia (BI) deputy governors have resigned. Yet at a midnight meeting held outside of the House of Representatives, it was decided the BI governor and senior deputy would have to be changed. The law regarding BI, therefore, will need to be amended. In the meantime, who will be responsible for monetary control in Indonesia?
November 20, 2000
THERE has been a quiet but extremely bitter struggle behind the resignation of Anwar Nasution, BI’s senior deputy governor. After the shock of the simultaneous resignation of five BI deputy governors, many people are now expecting a shouting match. This is despite the fact that, according to the law, the appointment of senior BI staff must be free of government intervention. It remains to be seen if this is what will happen in the process o...