Regulatory Alerts2011-09-30
Bank Indonesia Regulation No. 13/22/PBI/2011 Concerning Withdrawal of Foreign Exchange from External Debt Reporting Obligation
Bank Indonesia mandates that debtors holding external debt report each withdrawal of foreign exchange through Foreign Exchange Banks to ensure stable currency supply. These monthly reports must be submitted between the 1st and 10th of the subsequent month and accompanied by supporting documents. Non-compliance with reporting deadlines or requirements subjects debtors to administrative financial penalties, although loans signed before this regulation's effective date are exempt.
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