The sweet dream of PPN

The sweet dream of PPN

The issuance of the perpetual promissory notes (PPNs) as a
solution to Bank Indonesia's liquidity support (BLBI) problem has
raised controversy. Why? Due to its unclear rules of the game for
one.

What is worse is that the issuance of PPNs, which is an
agreement between the central bank and the government, was
approved by the International Monetary Fund (IMF), making the
cash repayment of the BLBI merely a dream that will be remembered
by the next generation.

It is high time that bankers worked hard and stopped waiting
for money to drop out of the sky.

-- Bisnis Indonesia, Jakarta