Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Mahinda Arkyasa
A recent increase in demand for foreign exchange has led Bank Indonesia (BI) to issue a policy in an effort to stabilize Rupiah value.
The policy is constituted in a BI Circular Letter No. 15/3/DPM of 2013 on Second Amendment of BI Circular Letter No. 10/42/DPD on 2008 on Purchase of Foreign Exchange Against Rupiah (Circular).
Halim Alamsyah, Deputy Governor of BI, stated on Friday (8/3) that the Circular also aims to promote caution in conducting foreign exchange transactions, especially for foreign exchange traders.
The Circular changes several provisions regarding foreign exchange transactions, including a provision on underlying documents that must be submitted by foreign exchange traders when conducting a foreign exchange transaction.
M Balady, Chairman Advisor for Foreign Exchange Traders Association (Asosiasi Pedagang Valuta Asing – APVA), stated that although some of the Circular’s provisions have accommodated APVA’s members input, BI should also focus on regulating unconventional foreign exchange transactions.
For example, Balady explained that there are cellular network providers that facilitate their users to conduct foreign exchange transactions through mobile phones.
“Foreign exchange transactions can be done using electronic media. The Circular does not cover these types of transactions,” he said.
In conclusion, Balady stated that electronic foreign exchange transactions organizers should acquire a license just like conventional foreign exchange traders.
(jt)
Fathan Qorib, Mahinda Arkyasa
A recent increase in demand for foreign exchange has led Bank Indonesia (BI) to issue a policy in an effort to stabilize Rupiah value.
The policy is constituted in a BI Circular Letter No. 15/3/DPM of 2013 on Second Amendment of BI Circular Letter No. 10/42/DPD on 2008 on Purchase of Foreign Exchange Against Rupiah (Circular).
Halim Alamsyah, Deputy Governor of BI, stated on Friday (8/3) that the Circular also aims to promote caution in conducting foreign exchange transactions, especially for foreign exchange traders.
The Circular changes several provisions regarding foreign exchange transactions, including a provision on underlying documents that must be submitted by foreign exchange traders when conducting a foreign exchange transaction.
M Balady, Chairman Advisor for Foreign Exchange Traders Association (Asosiasi Pedagang Valuta Asing – APVA), stated that although some of the Circular’s provisions have accommodated APVA’s members input, BI should also focus on regulating unconventional foreign exchange transactions.
For example, Balady explained that there are cellular network providers that facilitate their users to conduct foreign exchange transactions through mobile phones.
“Foreign exchange transactions can be done using electronic media. The Circular does not cover these types of transactions,” he said.
In conclusion, Balady stated that electronic foreign exchange transactions organizers should acquire a license just like conventional foreign exchange traders.
(jt)