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2011-01-21

Bank Indonesia Regulation Number 13/4/PBI/2011 concerning Revocation of Bank Indonesia Regulation Number 10/22/PBI/2008 concerning Meeting of Need of Foreign Exchange for Domestic Corporation through Bank

Bank Indonesia issued Regulation Number 13/4/PBI/2011 to revoke the temporary foreign exchange policy established under Regulation Number 10/22/PBI/2008. This revocation reflects the stabilization of the domestic foreign exchange market and the restored ability of domestic corporations to fulfill foreign currency requirements through standard market mechanisms. The previous regulation, which was implemented to ensure foreign exchange liquidity during economic upheaval, is declared null and void effective January 21, 2011.

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Sumber Data Legal Information Division, Department of Legal Affairs

1/21/2011 7:41 AM

Judul Bank Indonesia Regulation Number 13/4/PBI/2011 concerning Revocation of Bank Indonesia Regulation Number 10/22/PBI/2008 concerning Meeting of Need of Foreign Exchange for Domestic Corporation through Bank

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Regulation :

Bank Indonesia Regulation Number 13/4/PBI/2011 concerning Revocation of Bank Indonesia Regulation Number 10/22/PBI/2008 concerning Meeting of Need of Foreign Exchange for Domestic Corporation through Bank

Effective Date :

January 21, 2011

Summary :

I. Background and Objectives

In October 2008, Bank Indonesia issued a policy on meeting of need of foreign exchange for domestic corporation through Bank in the context of coping with economic upheaval affecting the availability of foreign exchange in the domestic market. This policy is a temporary measure aiming at giving the certainty about the availability of foreign exchange liquidity in the domestic market to the public, particularly domestic corporations. Recently, the economy and condition of domestic foreign exchange market have undergone an increase, which also leads to the improvement of the ability of domestic corporations to fulfill the requirements for foreign currency through the mechanism generally accepted in the domestic market. Therefore, it is necessary to revoke the provisions concerning meeting of need of foreign exchange for domestic corporation through Bank. II. Regulation Material

Bank Indonesia Regulation Number 10/22/PBI/2008 concerning Meeting of Need of Foreign Exchange for Domestic Corporation through Bank shall be revoked and declared null and void.

Lampiran Attachments

Lampiran 1 Bank Indonesia Regulation Number 13/4/PBI/2011

Lampiran 2 FAQ Bank Indonesia Regulation Number 13/4/PBI/2011

Lampiran 3

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Lampiran 6

Lampiran 7

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Lampiran 9

Lampiran 10

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Halaman ini terakhir diperbarui 1/27/2021 9:15 PM

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