Regulatory Alerts2021-08-05
Regulation of Member of Board of Governors Number 23/14/PADG/2021 on Amendment to Bilateral Transaction Settlement Using Rupiah and Yen
Bank Indonesia issued Regulation Number 23/14/PADG/2021 to amend previous rules governing bilateral transactions between Indonesia and Japan settled in rupiah and yen. The regulation expands flexibility by increasing transaction thresholds, allowing underlying documents for currencies other than yen, and permitting estimated documents for current transactions and direct investments. It also simplifies reporting requirements and clarifies provisions for squaring positions and permissible financial instruments for Authorized Currency Dealer Banks.
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