| Issue Number : 3243

Local Currency Settlements for Bilateral-Trade Transactions between Domestic Banks and Banks of Partnering Countries

In order to meet the goal of accommodating the settlement of bilateral-trade transactions using local currency (Local Currency Settlements– “LCS”) for the purpose of maintaining the stability of the rupiah currency,[1] Bank Indonesia (“BI”) has issued Regulation No. 19/11/PBI/2017 on the Settlement of Bilateral Trade Transactions through the Use of Local Currency (Local Currency Settlements) via Banks (“Regulation 19/2017”).
 
Regulation 19/2017 addresses a number of comprehensive provisions which relate to the implementation of LCS and these are divided into the following sections:
......

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In order to meet the goal of accommodating the settlement of bilateral-trade transactions using local currency (Local Currency Settlements– “LCS”) for the purpose of maintaining the stability of the rupiah currency,[1] Bank Indonesia (“BI”) has issued Regulation No. 19/11/PBI/2017 on the Settlement of Bilateral Trade Transactions through the Use of Local Currency (Local Currency Settlements) via Banks (“Regulation 19/2017”).
 
Regulation 19/2017 addresses a number of comprehensive provisions which relate to the implementation of LCS and these are divided into the following sections:
......

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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