Neglected Development

ECONOMIC growth in the first half of this year was disappointing, and economists have been busy trying to find the reason. After combing through the data from Bank Indonesia, they found a figure that has now become the main suspect. It turns out that banks owned by regional administrations own Bank Indonesia Promissory Notes (SBI) totaling around Rp40 trillion. These are thought to have been purchased using the balancing funds paid out by the cen

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