With the ultimate goal of improving the effectiveness of Indonesia's monetary policy in order to maintain economic stability, Bank Indonesia has issued Regulation of the Bank Indonesia Board of Governors No. 20/10/PADG/2018 on Statutory Reserve Requirements in Rupiah and Foreign Currencies for Conventional Banks, Sharia Banks and Sharia Business Units.

Bank Indonesia just issued a new technical regulation on monetary operations, specifically Regulation of the Board of Governors of Bank Indonesia No. 20/7/PADG/2018 on Participation in Monetary Operations. Regulation 7/2018 is expected to improve the governance, standardization and compliance aspects of monetary operations.

Bank Indonesia has combined both conventional and sharia monetary operations through the issuance of Regulation of Bank Indonesia No. 20/5/PBI/2018 on Monetary Operations.

Bank Indonesia has finally issued its long-awaited regulation on electronic money, specifically Regulation of BI No. 20/6/PBI/2018 on Electronic Money.

Bank Indonesia recently updated its integrated system for the administration of securities via the BI - Scripless Securities Settlement System through the issuance of Regulation of the Board of Governors of Bank Indonesia No. 20/4/PADG/2018 on the Organization of the Administration of Securities through the Bank Indonesia - Scripless Securities Settlement System

In bid to improve the effectiveness of Indonesia?s monetary policy, Bank Indonesia has decided to accelerate the implementation of its average statutory reserve requirements policy through the issuance of Regulation No. 20/3/PBI/2018 on Statutory Reserve Requirements in Rupiah and Foreign Currencies for Conventional Banks, Sharia Banks and Sharia Business Units.

With the purpose of avoiding any potentially adverse effects which may emerge as a result of banking system failures through the imposition of capital surcharges, the Financial Services Authority has issued Regulation No. 2/POJK.03/2018 on the Appointment of Systematically Important Banks and the Imposition of Capital Surcharges.

The utilization of FLI is to be undertaken via a Repo mechanism for securities which are owned by Participants and which are made available in their FLI accounts

With the ultimate objective of maintaining the stability of the rupiah currency, Bank Indonesia has further tightened up rules for the carriage of foreign banknotes into and out of Indonesian customs territory by introducing stricter sanctions which can be imposed in relation to said activities through the issuance of BI Regulation No. 20/2/PBI/2018 on the Amendment to BI Regulation No. 19/7/PBI/2017 on the Carriage of Foreign Banknotes into and out of Indonesian Customs Territory.

Bank Indonesia has issued Regulation No. 19/13/PBI/2017 on One-Stop Services at Bank Indonesia for the Operational Affairs of Commercial Banks. In essence, Regulation 19/2017 introduces an integrated-service facility established by BI for the provision of licenses which relate to operational affairs between commercial banks and BI.