Rule · BI · 24 Jan 2025

Regulation of the Member of the Board of Governors Number 2 of 2025 on Settlement for Bilateral Transactions between Indonesia and the United Arab Emirates Using Rupiah and Dirham through Banks

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Issued by Bank Indonesia's Member of the Board of Governors, this regulation establishes the legal framework for settling bilateral trade transactions between Indonesia and the United Arab Emirates using local currencies (Rupiah and Dirham) through authorized banks. It mandates that participating financial institutions facilitate cross-border payments in these currencies to reduce reliance on third-party currencies and lower transaction costs. The measure aims to strengthen bilateral economic ties, enhance monetary cooperation, and streamline foreign exchange settlement procedures for importers and exporters in both countries.

IndonesiaBank Indonesia

Lineage: In force

PADG Regulation No. 22/34 of 20…PADG Regulation No. 22/34 of 2020PADG Regulation No. 23/12 of 20…PADG Regulation No. 23/12 of 2021Regulation of the Member ofthe Board of Governors Number…2025-01-24 · this documentRegulation of the Member of the Board of Governors Number 2 of 2025 on Settlement for Bilateral Transactions between Indonesia and the United Arab Emirates Using Rupiah and Dirham through Banks (2025-01-24)
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Source: Bank Indonesia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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