Foreign Exchange Traffic Activity Supervision by Non-Bank Institution

Bank Indonesia Regulation No. 13/15/PBI/2011 on Foreign Exchange Activity Supervision by Non-Bank Institution (“Regulation”) has been issued to support Indonesia’s policy planning in monetary, banking, and payment system. The Regulation aims also to support statistic compilation covering, Indonesia’s Balance Payment, Indonesia’s International Investment Position, and other statistics.

Article 1 defines various key terminologies used throughout the regulation. As an example, foreign exchange traffic (lalu lintas devisa or LLD, as elaborated on in Article 1 (1)); foreign financial asset (aset finansial luar negeri or AFLN, as elaborated on in Article 1 (3)); foreign financial obligation (kewajiban finansial luar negeri or KFLN, as elaborated on in Article 1 (4)); non-bank institution (lembaga bukan bank or LBB, as elaborated on in Article 1 (6)); and so forth.