“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Monday, October 13, 2008

President signs 'Perpu' to increase guarantee for depositors

The Jakarta Post, Jakarta 

President Susilo Bambang Yudhoyono has signed two government regulations in lieu of a law (perpu) to provide a better guarantee for depositors amid the worsening global financial crisis. 

The Finance Ministry said in a statement that with the regulations, the government increases the guarantee to cover deposits up to Rp 2 billion (US$204,000). Currently the government only guarantees deposits up to Rp 100 million. 

State Secretary Hatta Rajasa said earlier the President signed the regulation after a series of meetings with related officials on Sunday night and Monday morning at his residence at Cikeas, Bogor. 

The other perpu signed by Yudhoyono eased the requirements for banks to obtain bridging finance from Bank Indonesia. 

Currently, only near-cash debt instruments, such as Bank Indonesia Certificates and government bonds, can be used as collateral for banks to obtain bridging finance. 

With the new regulations, banks can now use their performing loans as collateral. This way banks will have more access to funding to improve liquidity. (rid)

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