Regulatory Alerts2012-06-08
Bank Indonesia Regulation No. 14/5/PBI/2012 on Amendment to Regulation No. 12/11/PBI/2010 concerning Monetary Operations
Bank Indonesia issued Regulation No. 14/5/PBI/2012 to enhance domestic economic resilience by augmenting monetary operation instruments and supporting the development of domestic foreign currency markets. The amendment expands Open Market Operations to include foreign currency term deposits and incorporates liquidity management in foreign currency markets alongside existing rupiah-based activities. It establishes specific rules for foreign currency term deposits, including early redemption options, their use as deductibles for Net Open Position calculations, and mandatory daily reporting requirements for participants.
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