ANNOUNCEMENT 03 Oct 2011

In October 2011, the government of Indonesia announced a rule change for commercial cross-border financial flows.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



'Bank Indonesia Published a New Policy on Export Proceeds and Foreign Debt Withdrawal', Bank Indonesia press release No. 13/32/PSHM/Humas, 3 October 2011.

http://www.bi.go.id/web/en/Ruang+Media/Siaran+Pers/sp_133211.htm


Inception date: 02 Jan 2012 | Removal date: open ended

Controls on commercial transactions and investment instruments

On 3 October 2011, Bank Indonesia announced its regulation No.13/20/PBI/2011 dated 30 September 2011 concerning Export Proceeds and Foreign Debt Withdrawal Policy. The regulation requires from 2 January 2012 onwards that exporters receive export proceeds through domestic banks, and that debtors withdraw their foreign borrowing through domestic banks.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A