Regulatory Alerts2011-09-30
Bank Indonesia Regulation Number 13/21/PBI/2011 on Monitoring of Bank Activity in Foreign Exchange Flows
Bank Indonesia issued Regulation Number 13/21/PBI/2011 to refine foreign exchange flow monitoring by restricting reporting obligations to commercial banks domiciled in Indonesia. This regulation requires reporting banks to submit data on transactions affecting external financial assets and liabilities, as well as detailed export transaction information, to support monetary policy and economic statistics. The new rules became effective for October 2011 data, revoking the previous 1999 regulation while allowing a transition period for non-bank financial institution reporting.
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