Given the complexity of the exceptions, it is expected that banks that are attempting to conform their securities activities to the exceptions will identify some securities transactions that do not meet the terms of the exceptions. In some circumstances, banks will not even be able to confirm that their securities transactions will comply with an exception at the time they are conducted.
This has been accomplished while adhering to quantity targeting, whereby Bank Indonesia controls growth in base money within an indicative target range. Throughout the year, the growth of base money has remained within target.