Bank Indonesia Financial Report 2020 Obtains WTP Opinion From BPK

Illustration. (Photo: Doc. Between)

JAKARTA - Bank Indonesia (BI) announced that the financial statements for the period 2020 are obtained unqualified predicates from the Audit Board of Finance (BPK) of the Republic of Indonesia.

Head of BI Communications Department Erwin Haryono said the labeling continued the central bank's achievements over the past dozen years.

"The achievement of WTP opinion for the last 18 years is a manifestation of BI's commitment to always realize good governance," he said as reported by the official website, Thursday, May 27.

Erwin added, Bank Indonesia as the monetary authority in the country always upholds the principle of working professionally, transparently, and sustainably.

"Bi consistently strives to improve the quality of financial management in order to maintain credibility as a central bank," he said.

Furthermore, Erwin stated that every implementation of Bank Indonesia's policies and work plans is always based on applicable regulations and subject to the laws and regulations in central bank governance.

"This is as stipulated in Article 61 of Bank Indonesia Law Number 23 of 1999 concerning Bank Indonesia as amended last by Law No. 6 of 2009," he said.

Most recently, BI officially maintained the bi 7-Day Reverse Repo Rate (BI7DRR) at 3.50 percent.

This information was conveyed directly by BI Governor Perry Warjiyo in a virtual press conference after holding a Meeting of the Board of Governors of Bank Indonesia.

"This decision is consistent with the low inflation rate, as well as rupiah exchange rate stability, and also supports economic recovery efforts this year," said the Governor of BI on Tuesday, May 25.

In voi records, the last interest rate adjustment made by the central bank occurred in February 2021. At that time, BI cut interest rates by 25 basis points (BPS) from 3.75 percent to 3.50 percent.