Foreign Currency From Export Revenue and Foreign Loans Re-regulated

Bank Indonesia (“BI”) has issued Regulation No. 14/25/PBI/2012 on Receiving Foreign Currency From Export Revenue and Withdrawal of Foreign Loans (“2012 Regulation”). The 2012 Regulation re-regulates  the practice of receiving and withdrawing foreign currency via foreign exchange banks and it applies specifically to funds that source from export revenue and foreign debt.   

Prior to the 2012 Regulation issuance, the abovementioned matters were regulated under BI Regulation No. 13/20/PBI/2011, as amended by BI Regulation No. 14/11/PBI/2012 (“2011 Regulation”).