Blessings Of The P2SK Law: BPR Boleh Transaksi Valas Hingga Masuk Pasar Modal

Illustration (Photo: Doc. Antara)

JAKARTA - The government through the Minister of Finance Sri Mulyani said that the new rules that will be set on the People's Credit Bank (BPR) allow the intermediation agency to carry out foreign valetra transactions, aka foreign exchange in business activities.

According to the Minister of Finance, this policy is part of the Draft Law on the Development and Strengthening of the Financial Sector (RUU P2SK) which was recently passed into law.

He also revealed that the government has also opened space for the populist sector bank to be able to conduct real-time cross-bank transactions on products offered to the public.

"The P2SK Bill strengthens the function of the People's Credit Bank by expanding its business fields which we know today towards exchanging foreign currencies and transferring funds," he said at the Senayan Parliament Complex, Jakarta on Thursday, December 15.

The Minister of Finance explained that this strategy was intended so that BPR could continue to maintain business existence so that it could survive as one of the important players in the national financial services industry.

"This is done so that BPR will play a more important role in supporting MSME businesses that support the Indonesian economy," he said.

The state treasurer said that the government and the DPR agreed to change the term People's Credit Bank to the People's Economic Bank.

"In the future, the role of BPR can be more vital by strengthening capital, increasing efficiency and profitability, and strengthening the implementation of good corporate governance by opening up the possibility of BPR entering the capital market," closed the Minister of Finance Sri Mulyani.