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Policy Package to strengthen Monetary Management and develop the Financial Market

In response and anticipation of financial market dynamics, global and domestic, the Bank Indonesia Board of Governors decided upon several policies to boost the effectiveness of monetary policy transmission, shore up financial system stability and encourage financial market deepening on Tuesday, 15th July 2010, in Jakarta. In general, the policy package contains policies to buttress monetary operations and refine prudential banking aspects, consisting of additional instruments and the completion of several requirements for the financial markets; the foreign exchange and rupiah.