Our coordination would be on the legal, organizational, work processes, human resources, as well as facilities aspects
Jakarta (ANTARA) - Bank Indonesia (BI) Governor Perry Warjiyo confirmed that the central bank will commence preparations to relocate its headquarters from Jakarta to the new capital Nusantara in 2023.

"Our deputy governor has travelled back and forth to the new capital for the preparation. Hence, BI's preparations to relocate to the new capital would be included in our policy guidelines in 2023," Warjiyo stated during the meeting with the House of Representatives' Commission XI legislators here, Monday.

He said that according to President Joko Widodo's (Jokowi's) instruction, BI would be among the first governmental agencies to relocate to the new capital.

The BI governor remarked that the central bank's concept plan for the relocation scheme is nearing completion while adding that they will coordinate with the government in line with the relocation roadmap.

"Our coordination would be on the legal, organizational, work processes, human resources, as well as facilities aspects," the central bank governor remarked.

Apart from the relocation plan to the new capital, BI has set four other policy guidelines that would be the focus of the central bank in 2023, Warjiyo noted.

The first policy guideline is to bolster framework and the policy mix response to better estimate and simulate the outcome in order to ensure that the response could be calibrated better and in a timely manner, he stated.

He noted that the second policy would be to enhance the digital central bank ecosystem -- particularly on the release of the central bank digital currency -- the Indonesian Financial System Blueprint (BSPI), and international cooperation.

The third policy guideline is to implement Digital Business Process Re-engineering to ensure administration improvement, effective and efficient calculations, and risk management, he remarked.

The central bank governor affirmed that the fourth guideline aims at preparing an action plan after the passing of the Financial Sector Development and Strengthening Bill, anticipating BI business processes, and BI's leadership in the international and national spheres.

Related news: President proposes new capital Nusantara as 2036 Olympics host
Related news: New capital to realize equitable development in Indonesia: Authority
Related news: Hope financial services industry will relocate to new capital: OJK

Translator: Agatha Olivia V, Nabil Ihsan
Editor: Sri Haryati
Copyright © ANTARA 2022