BI Merges Conventional and Sharia Monetary Operations under Single Framework

Bank Indonesia (“ BI ”) has combined both conventional and sharia monetary operations through the issuance of Regulation of Bank Indonesia on Monetary Operations (“ Regulation 5/2018 ”).Prior to the issuance of Regulation 5/2018, these matters were previously regulated under several BI regulations, as follows (collectively referred to as “ Previous Regulations ”): [1]