ANNOUNCEMENT 27 Dec 2012In December 2012, the government of Indonesia announced a rule change for commercial cross-border financial flows.
NUMBER OF INTERVENTIONS
Regulation 14/25/PBI/2012 (in Bahasa Indonesia):
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.