Bank Indonesia (“BI”) has issued Regulation of BI No. 8 of 2026 (“Third Amendment”) on the Third Amendment to Regulation of BI No. 7 of 2023 on Foreign Exchange Proceeds from Exports and Foreign Exchange for Import Payments (“Regulation 7/2023”),[1] which amends Regulation 7/2023 in relation to the designation of banks for special bilateral-trade provisions, the basis for BI supervision of natural resource exporters, the considerations that BI may take into account in setting export-proceeds policies, and the application date of the special provisions.[2] The Third Amendment came into force on 30 September 2026.[3]
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