IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 06 Apr 2016 | Removal date: open ended
Still in force

Controls on credit operations

 On 6 April 2016, the Indonesian National Bank ("Bank Indonesia") published the Circular Letter No. 18/5/DSta restricting the foreign exchange revenues from offshore loans.
With the new provisions in place, Indonesian companies will have to deposit their revenues made in foreign exchange from offshore loans in a foreign exchange bank. The regulation also covers debt securities and differences made through refinanced loans. Furthemore, the foreign exchange loans will have to be reported with Bank Indonesia.
The regulation came into force on the day of its announcement.

AFFECTED COUNTRIES

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