BI’s Bankrupt!

November 20, 2000

Talk of liquidating Bank Indonesia is no longer taboo. Indeed, for the last two weeks it has been the talk of the town. BI’s balance sheet is thought to show a heavy deficit as a result of the Bank Indonesia liquidity credit fiasco at the height of the country’s economic collapse. As a result of this bungled emergency aid program, the central bank has ended up with liabilities of some Rp24.5 trillion. If there is no other way to rescu

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