Two-Stage Reserve Cut Underway: Rupiah Requirement for Conventional Banks Falls to 8% in November and 7% in December

The Members of the Board of Governors of Bank Indonesia (“BI”) has issued Regulation No. 36 of 2026 on the Fifth Amendment (“Fifth Amendment”) to Regulation of the Members of the Board of Governors No. 24/8/PADG/2022 (“Regulation 24/2022”) on Implementing Regulations for the Fulfilment of Rupiah and Foreign Currency Reserve Requirements for Conventional Commercial Banks (Bank Umum Konvensional – “BUK”), Islamic Commercial Banks (Bank Umum Syariah – “BUS”), and Islamic Business Units (Unit Usaha Syariah – “UUS”). The Fifth Amendment came into force on 1 November 2026.[1]