Reviewing Bank Guarantees

Bank Dagang Bali and Bank Asiatic have been shut down. It was the right decision and also proof that the 100 percent bank guarantee must be reviewed.

April 20, 2004

BANKS are the heart of a modern economy. This institution absorbs inactive money from people and channels it to the business world needing capital for growth. When the banking system of a country is in a healthy condition, funds will circulate fast, like the blood flow of a healthy athlete. The nation's economy will pick up speed, as an athlete with a healthy heart will rise to great heights.

Unfortunately, the Indonesian banking system is f

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