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Supervising central bank.
(From The Jakarta Post)
The amendments to the 1999 Bank Indonesia Act that were proposed by the government in late 2000 were designed to have been approved by the House of Representatives by January, 2001 at the latest because the proposed changes would affect only several articles that would make the central bank's board of governors more accountable.
However, the planned amendments are still pending. Even the latest plan to have the proposed changes approved by the House at a plenary session today (Sept. 23) is not yet definitively final due to widely differing views between the government and the central bank and between the government and the House.
The political process for amending the Bank Indonesia Act has indeed been quite …
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