Banking
Cutting Loose the Shackles
Tuesday, June 15, 2004
There is a threat that the setting up of the Savings Guarantee Agency could be postponedand the government will still remain as the guarantor.
arsip tempo : 178037475899.
IN Indonesia, a bank can go bankrupt but savers can sleep soundly without having to worry about their money disappearing. As long as the government's blanket guarantee remains in force in banking, savers face no risk whatsoever.
This was certainly needed when the public's confidence in the banking sector collapsed, following the closure of 16 banks around six years ago. But what about now, is the blanket guarantee still necessary? For banking an
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