Institute of Independent States
New phase in the history of Bank Indonesia as an independent Central Bank begins when a new legislation, namely Law no. 23/1999 on Bank Indonesia, declared valid on 17 May 1999 and as amended with Law. No 3 / 2004 dated 15 January 2004. The Act provides the status and position as an institution of the independent and free from government intervention or the other party.
As an independent state institution, Bank Indonesia has full autonomy in formulating and implementing the duties and authority as specified in law. Outsiders do not meddle justified the implementation of the task of Bank Indonesia, Bank Indonesia and also the obligation to reject or ignore the intervention of any kind from any party as well.
Status and position of the special needs that Bank Indonesia can implement the role and function as the monetary authority more effectively and efficiently.
:: As a Legal Entity
Bank Indonesia's status as a body of public law and civil law defined body with the laws. As a public corporation authorized to Bank Indonesia to set the rules of law which is the implementation of laws that bind all the public in accordance with the duties and authority. As the body of civil law, Bank Indonesia can act for and on behalf of itself in and outside the court.
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