Regulatory Alerts2013-12-24
Bank Indonesia Regulation No. 15/16/PBI/2013 on Reserve Requirements for Sharia Banks
Bank Indonesia issued Regulation No. 15/16/PBI/2013 to establish reserve requirement policies for Sharia Commercial Banks and Sharia Business Units to ensure liquidity adequacy and monetary stability. The regulation mandates a base 5% reserve requirement in Rupiah and 1% in foreign currencies, with additional tiered requirements for larger institutions based on their financing ratios. It further details calculation methodologies, demand deposit account maintenance, and imposes specific financial penalties for non-compliance.
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