From Parties to the Den of Thieves
The government and the House of Representatives (DPR) have no objection to party members being appointed to the Governing Council of Bank Indonesia. But are they credible enough to maintain the central bank’s independence?
December 4, 2000
The den of thieves—the negative image now attached to Bank Indonesia—is waiting for new bosses. And party activists are likely to crowd the institution, which according to the law in force, is independent. It’s a scenario that has been noticeable from the beginning.
All the turmoil prevailing in the central bank over the past month, from the case of Bank Indonesia Liquidity Support (BLBI), the demand to amend the Law on Bank In
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