| Issue Number : 2213

Foreign Exchange Bank Requirements Reregulated

Bank Indonesia (“BI”) has issued Circular Letter No. 15/27/DPNP on Requirements for Commercial Banks to Conduct Foreign Currency Business Activities (“2013 Circular”).

The 2013 Circular aims to prescribe BI’s procedures and requirements for commercial banks to qualify as a foreign exchange bank (Bank Devisa), thus allowing such qualified banks to conduct foreign currency business activities.

Before the 2013 Circular was issued, the same matter was regulated by Circular Letter No. 28/4/UPPB (“1995 Circular”).

......

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Bank Indonesia (“BI”) has issued Circular Letter No. 15/27/DPNP on Requirements for Commercial Banks to Conduct Foreign Currency Business Activities (“2013 Circular”).

The 2013 Circular aims to prescribe BI’s procedures and requirements for commercial banks to qualify as a foreign exchange bank (Bank Devisa), thus allowing such qualified banks to conduct foreign currency business activities.

Before the 2013 Circular was issued, the same matter was regulated by Circular Letter No. 28/4/UPPB (“1995 Circular”).

......

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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