FX Playbook Revised: BI Moves JISDOR and Other Reference Rate Publication Times Forward an Hour

In 2024, the Bank Indonesia (“BI”) Board of Governors established Regulation No. 11 of 2024 on Foreign Exchange Market Transactions (“Regulation 11/2024”), which is the framework that has governed both the foreign market exchange and Domestic Non-Deliverable Forward (“DNDF”) transactions up until the present.[1] However, in an effort to refine the prevailing risk management framework and adapt it to modern business models, the BI Board of Governors has now decided to revise several provisions originally featured under Regulation 11/2024 through the issuance of Regulation No. 7 of 2026 (“Amendment”), which has been in force since 1 April 2026.[2]