BI North Sulawesi Remains Operating During Pilkada Holidays 2018
By : Herry Barus And Aldo Bella Putra | Tuesday, June 26 2018 - 17:00 IWST

Bank Indonesia
INDUSTRY.co.id - Manado - Bank Indonesia (BI) services North Sulawesi (North Sulawesi) Representative will remain in office on the election day of the regional head election on Wednesday (27/6/2018) to support the smooth operation of the economy.
"In North Sulawesi there are six districts / cities that carry out election of the regional, we give an opportunity to employees who will use the right to vote," said Head of North Sulawesi Representative Office Soekowardojo in Manado, Tuesday (06/26/2018)
According to him, the activities of depositing and withdrawing currency from and by banks are still served. Clearing and RTGS are still being held.
The rest for banks that move in North Sulawesi, live authority of each bank by referring to the Presidential Decree on the determination of voting day elections Pilkada 2018 as a national holiday.
Soekowardojo explained Bank Indonesia on Election Day on 27 June 2018, giving an opportunity for employees to exercise their right to vote by referring to Presidential Decree of the Republic of Indonesia Number 48 Year 2018 on Election Day of Governor and Vice Governor, Regent and Deputy Regent, and Mayor and Vice Mayor of the Year 2018 as National Holidays.
Nevertheless, in the implementation of the Regional Head Election, Bank Indonesia continues to support national economic activities by providing payment system and rupiah money management services to the people and businesses throughout Indonesia.
In relation thereto, BI shall submit the operational plan of Bank Indonesia on the Election Day on Wednesday 27 June 2018, that all services in the operation of Bank Indonesia Real Time Gross Settlement (BI-RTGS), Bank Indonesia Scripless Securities Settlement System, Bank Indonesia Electronic Trading Platform (BI-ETP) and Bank Indonesia National Clearing System (SKNBI) are implemented in accordance with the applicable schedule.
The prefund funding mechanism for the Fund Transfer Service and Clearing Items Clearing Service through SKNBl shall be conducted in accordance with applicable regulations.
Cash service activities are fully operational in order to meet the needs of drawing and currency and banking deposits.
For rupiah monetary operation is performed for Standing Facilities Rupiah (Deposit Facility and Lending Facility).
Reporting of Commercial Bank Daily Report (LHBU) and Jakarta Interbank Offered Rate (JIBOR) runs like a normal business day, except for banks that inform BI that the bank is not operating.
Monetary Foreign Exchange Operations, he said, all foreign currency monetary operations transactions dated June 27, 2018 were excluded, the Jakarta Interbank Spot Dollar Rate (JISDOR) Exchange Rate on June 27, 2018 was not issued. The exchange rate of Bank Indonesia on June 27, 2018 uses the last normal reference of the latest working day rate published on June 26, 2018.
Furthermore, in relation to the Monthly Board of Governors' Meeting (RDG) held in June 2018, Bank Indonesia decided to adjust the timing of the RDG from Wednesday to Thursday, June 27-28, 2018 to Thursday-Friday, June 28-29, 2018. (Ant)
Read Also
Increase in New Loan Disbursement Drives Growth in KB Bukopin's Interest…
PermataBank Holds Annual General Meeting of Shareholders 2023 and…
The Importance Of Cashflow Considerations In The Supply Chain
Fully Supported by KB Financial Group- South Korea, Bank Bukopin…
Index Launch: Remittances Play a Powerful Role in Consumers’ Financial…
Today's Industry

Selasa, 26 September 2023 - 07:45 WIB
ESSA Secures Gas Contract Extension for LPG Refinery
PT Surya Esa Perkasa Tbk. (ESSA: IJ), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant today (22/9) announced…

Selasa, 26 September 2023 - 06:45 WIB
ALDO Strengthens PT Eco Paper’s Business of Recycled Brown Paper Production
PT Alkindo Naratama Tbk (ALDO), a listed company engaged in the integrated paper and chemical business, plans to inject additional working capital of around IDR 40 billion into its subsidiary…

Sabtu, 23 September 2023 - 11:33 WIB
Growing Above Industrial Average, CLEO Strives for Innovation
Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

Kamis, 14 September 2023 - 15:15 WIB
INOV Poised to Absorb PET Recycling Market Potential
The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Senin, 11 September 2023 - 09:07 WIB
Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit
President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…
News Comment