ANNOUNCEMENT 03 Oct 2011In October 2011, the government of Indonesia announced a rule change for commercial cross-border financial flows.
NUMBER OF INTERVENTIONS
'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.
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.