Foreign-Exchange Monitoring Provisions Updated: Certain Reporting Matters Affected

Bank Indonesia’s (“BI”) Board of Governors has made various changes concerning the monitoring of the Foreign-Exchange Traffic (Lalu Lintas Devisa – “LLD”) activities of banks and customers through the issuance of Regulation of the BI Board of Governors No. 5 of 2023, which is the second amendment (“Second Amendment”) to Regulation No. 21/28/PADG/2019 (“Regulation 21/2019”) and which has been in force since 1 August 2023. These changes have been introduced in order to improve the effective implementation of foreign-exchange traffic activities deriving from Export Proceeds (Devisa Hasil Ekspor – “DHE”) and Import Payments (Devisa Pembayaran Impor – “DPI”).