Bank Indonesia (“ BI ”) recently issued Regulation No. 22/14/PBI/2020 on Monetary Operations (“ Regulation 14/2020 ”) in order to better accommodate the dynamics of the sharia money market by providing a sharia monetary operations instrument in the form of funding with securities as collateral which complies with sharia principles. [1]
BI Broadens Scope of Sharia Monetary Operations
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