| Issue Number : 557

Foreign Exchange Activity - Reporting Requirements for Companies

Bank Indonesia (BI) issued Circular No. 9/9/DSM of 2007 to amend an earlier Circular No. 5/24/DSM of 3 October 2003 on the reporting requirements for all companies, but not financial institutions, with foreign exchange activity. The two main reasons for the amendments are the significant expansion of technology and its availability throughout the business sector, as well as BI's needs for better quality data from companies.

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Bank Indonesia (BI) issued Circular No. 9/9/DSM of 2007 to amend an earlier Circular No. 5/24/DSM of 3 October 2003 on the reporting requirements for all companies, but not financial institutions, with foreign exchange activity. The two main reasons for the amendments are the significant expansion of technology and its availability throughout the business sector, as well as BI's needs for better quality data from companies.

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

professionalprofessionalProfessional Solutions
professionalprofessionalUniversity Solutions
*Syarat dan ketentuan berlaku
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