Foreign Exchange Reporting Systems Integrated by Bank Indonesia

Editorial Team

Bank Indonesia (“BI”) has issued Regulation No. 14/21/PBI/2012 on Foreign Exchange Reporting (“Regulation”). The Regulation integrates the two reporting systems for foreign exchange and foreign loan transactions into a single report. The system integration is intended to improve the accuracy and lower the redundancy of data reported to BI. 

The Regulation applies to banks, non-bank financial institutions, non-financial institutions, state-owned/regional-owned companies, private companies, business entities, and individuals (collectively called “Parties”, Art. 4 (1)).