bank negara indonesia

Bank Negara Indonesia was established on 5 July 1946. It was prepared to be the Central Bank of Indonesia with the task of issuing and handling Indonesian currency. A few months after its establishment, Bank Negara Indonesia officially distributed the first official currency of Indonesia - ORI orOeang Republik Indonesia.^[4]

Following the appointment of De Javasche Bank as the Central Bank of Indonesia, Bank Negara Indonesia had its role shifted to that of a development bank, and was later given the right to serve as a foreign exchange bank. Following increased capitalization in 1955, the legal status of Bank Negara Indonesia was changed into that of a commercial bank through a jurisdicial assignment under Emergency Law number 2 of the year 1955. Also in 1955, Bank Negara Indonesia officially opened its first foreign branch in Singapore.^[4]