Regulatory Alerts2016-09-05
Bank Indonesia Regulation Number 18/19/PBI/2016 On Foreign Exchange Transactions Against Rupiah Between Bank and Foreign Party
Bank Indonesia issued Regulation Number 18/19/PBI/2016 to govern foreign exchange transactions conducted in Rupiah between banks and foreign parties. This regulation establishes the legal framework and operational requirements for such bilateral currency settlements to ensure compliance with national monetary policies. It supersedes previous provisions to standardize procedures and mitigate risks associated with cross-border financial activities involving the Indonesian currency.
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