Regulatory Alerts2020-12-17
Regulation on Settlement for Bilateral Transactions Between Indonesia and Thailand Using Rupiah and Baht
Bank Indonesia issued this regulation to establish a framework for bilateral transactions between Indonesia and Thailand to be settled using local currencies, specifically the rupiah and baht. The document designates specific banks as Appointed Cross Currency Dealers (ACCD Banks) and defines the operational mechanisms for opening special purpose non-resident accounts and managing liquidity balances. It further outlines permitted financial activities, including spot and forward transactions, financing facilities, and position squaring procedures to facilitate trade and investment between the two nations.
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