| Issue Number : 5517

Letter-of-Credit Transactions Refined: Sharia-Based Issuance, Non-Transferable Status and More Documentation Requirements Introduced

Bank Indonesia (“BI”) has issued Regulation of the Board of Governors No. 14 of 2026 on Letter-of-Credit (“L/C”)[1] Transactions[2] at Bank Indonesia (“Regulation 14/2026”). Upon entering into force, Regulation 14/2026 repealed and replaced Regulation of the Board of Governors of BI No. 23/21/PADG/2021 (“Regulation 23/2021”), which bore the same title as Regulation 14/2026.[3]

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Bank Indonesia (“BI”) has issued Regulation of the Board of Governors No. 14 of 2026 on Letter-of-Credit (“L/C”)[1] Transactions[2] at Bank Indonesia (“Regulation 14/2026”). Upon entering into force, Regulation 14/2026 repealed and replaced Regulation of the Board of Governors of BI No. 23/21/PADG/2021 (“Regulation 23/2021”), which bore the same title as Regulation 14/2026.[3]

......

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*Syarat dan ketentuan berlaku
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