Regulatory Alerts2022-07-04
Regulation of Member of Board of Governors Number 24/10/PADG/2022 on Implementing Regulation on Transactions in Foreign Exchange Market
The Member of the Board of Governors of Bank Indonesia issued Regulation Number 24/10/PADG/2022 to implement detailed rules for foreign exchange market transactions under Bank Indonesia Regulation Number 24/7/PBI/2022. The regulation establishes definitions, transaction types, and contract requirements while mandating that foreign currency transactions against the rupiah above specific thresholds be backed by verifiable underlying transactions. It further outlines prohibitions, settlement methods, and documentation obligations to ensure market integrity and support monetary policy objectives.
Share