|Definition||:||Giro Wajib Minimum Indonesian [Minimum Statutory Reserve]|
|Category||:||Business » Banking|
What does GWM mean?
Giro Wajib Minimum (GWM) is the minimum statutory reserve fund or minimum deposit that must be maintained by banks in the form of current account balances placed at Bank Indonesia. It is determined by the central bank based on the percentage of third party funds collected by banks.
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Frequently Asked Questions (FAQ)
What is the full form of GWM in Banking (Indonesia)?
The full form of GWM is Giro Wajib Minimum