Regulatory Alerts2025-09-08
Regulation of Member of Board of Governors Number 17 of 2025 on Settlement for Bilateral Transactions between Indonesia and China using Rupiah and Renminbi through Banks
Bank Indonesia issued Regulation Number 17 of 2025 to establish the regulatory framework for settling bilateral transactions between Indonesia and China using Rupiah and Renminbi through designated banks. The regulation defines Appointed Cross-Currency Dealer Banks, mandates the opening of specific special purpose non-resident accounts, and sets balance limits and permissible financial activities for these accounts. It further outlines the procedures for financing, fund transfers, and supervision to support the stability of the Rupiah and increase the use of local currencies in bilateral trade.
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