Jakarta, May 31 -- Chairman of the Board of Commissioners of the Indonesia Deposit Insurance Corporation (LPS), Purbaya Yudhi Sadewa, has assured that Indonesia will not face a monetary crisis like the one that occurred in 1997-1998.

This confidence stems from the fact that LPS, as part of the Financial System Stability Committee (KSSK), will utilize all available instruments, including an early warning system, to prevent any potential monetary crisis.

"LPS has developed an early warning system that closely monitors our economy from time to time, including the condition of the banking sector. Therefore, I believe the chances of us being caught off guard are very slim," Sadewa stated during a press conference at the LPS Putih Abu-Abu Fin...