Bank Indonesia (“BI”) recently issued Regulation No. 16/10/PBI/2014 on Receiving and Withdrawing Foreign Currencies from Export Activities and Foreign Loans (“2014 Regulation”).
The 2014 Regulation re-regulates the obligations related to the same matters that were previously contained in (Collectively referred to as “Prior Regulations”):
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1.
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BI Regulation No. 13/22/PBI/2011 on Mandatory Reporting Obligations for Foreign Currency Debt Withdrawals (“2011 Regulation”);[1] and
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2.
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BI Regulation No. 14/25/PBI/2012 on Receiving and Withdrawing Foreign Currencies from Export Activities and Foreign Loans (“2012 Regulation”).[2]
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