Glossary

BI Rate

Reference interest rate for monetary policy set out by the monthly Bank Indonesia Meeting of The Board of Governors.

BI-RTGS

Bank Indonesia Real Time Gross Settlement is an electronic funds transfer system among the participant banks in Indonesian rupiah in which the currency and the settlement is immediately done per individual transaction.

Bank

A legal entity that collects funds from people in the form of savings and distribute them in the form of credits or other forms in order to increase the standard of living of people.

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