ANNOUNCEMENT 27 Dec 2012

In December 2012, the government of Indonesia announced a rule change for commercial cross-border financial flows.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 01 Jan 2013 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

On 27 December 2012, the Bank of Indonesia announced regulation 14/25/PBI/2012 stipulating that foreign exchange derived from export transactions and from offshore loan drawdowns must be received by a licensed foreign exchange bank in Indonesia.
The regulation came into effect on 1 January 2013.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A