Regulation 23/2026 introduces stricter operational and reporting requirements for banks and Rupiah Cash Processing Service Providers (Penyelenggara Jasa Pengolahan Uang Rupiah/PJPUR), including mandatory use of Bank Indonesia Cash Services Information System (Bank Indonesia Sistem Informasi Layanan Kas/BISILK), enhanced oversight of third-party service providers, and annual reporting obligations for Rupiah currency exchange services.

Bank Indonesia has introduced a strategic adjustment by expanding the role of Appointed Cross-Currency Dealer (ACCD) Banks in Indonesia to include acting as Renminbi Clearing Banks in support of the development of the money and foreign exchange markets. Relevant banks must obtain a recommendation from Bank Indonesia and designation from the People?s Bank of China, establish an operational rule book, and comply with new administrative sanctions, including suspension of activities.

This Fourth Amendment expands eligible currencies and transactions for Foreign Exchange Term Deposits and DNDF Hedging. This Fourth Amendment introduces Conventional Sell Swap Hedging to BI, subject to specified requirements, including a minimum composite bank soundness rating of three. This Fourth Amendment also expands underlying transactions for Conventional Buy Swap Hedging to BI, with further requirements and eligible underlying assets to be stipulated through BI?s technical guidelines, website and/or designated media.

Bank Indonesia has expanded the scope of the Macroprudential Liquidity Incentive Policy (Kebijakan Insentif Likuiditas Makroprudensial/KLM) by including corporate securities purchases and the collection of funds other than third-party funds as eligible activities. The Amendment revises the maximum incentive allocation for sectoral financing and changes the interest rate incentive calculation formula to an absolute spread metric, while maintaining the overall banking liquidity incentive ceiling at 5,5%.

This Regulation establishes a foreign exchange hedging framework involving Domestic Partner Banks (DPB), Overseas Partner Banks (OPB) and Registered Global Investors (RGI), requiring back-to-back transactions supported by eligible Indonesian portfolio assets. This Regulation sets stipulation, registration, partnership, operational and eligible transaction requirements, alongside risk management, KYC, reporting and supervisory obligations. This Regulation also imposes exposure limits and administrative sanctions, including suspension or revocation of registration or stipulation, for non-compliance.

This Technical Guidelines establishes standardized licensing procedures for treasury dealers, treasury professional associations, LSP and SRO PUVA, alongside digital reporting requirements for banks, UUS, IPK organizers and other designated entities. This Technical Guidelines also prescribes reporting deadlines and standardized submission procedures, with non-compliance subject to administrative sanctions.

Guidelines 4/2025 establish a comprehensive compliance framework for entities participating in Bank Indonesia (?BI?) monetary operations by standardizing participation requirements, mandatory reporting obligations and procedures for corporate actions, deregistration and official correspondence. Participating Entities should strengthen their internal governance, ensure the timely reporting of operational and corporate changes through BI?s licensing system, and maintain their readiness to comply with the various administrative and operational requirements that are set out in Guidelines 4/2025.

This Regulation enforces rigorous technical and operational standards that will now apply to Payment System Providers (Penyelenggara Sistem Pembayaran/PSP). These standards mandate periodic self-assessments, structured business planning and strict third-party oversight. The new Regulation also introduces an integrated risk-based framework that links PSP expansion directly to continuous compliance and capital adequacy. As a consequence, PSP must bring their strategic growth into line with these new regulatory thresholds or face potential operational restrictions or license revocations.

This Regulation has now revised the framework on Letter-of-Credit (?L/C?) transactions that take place at Bank Indonesia (?BI?) through the introduction of sharia-based L/C issuance, the classification of Sight L/C as non-transferable and the strengthening of operational requirements. The new Regulation also reinforces the use of the BI Service Application (Aplikasi Layanan Bank Indonesia/ALBI), expands documentary requirements, clarifies fee adjustment mechanisms and provides greater certainty for L/C invoice payments that are financed through loans, grants and domestically sourced rupiah.

Bank Indonesia has drastically tightened the regulatory threshold for spot foreign exchange purchases against the rupiah currency. The new amendment has now lowered the maximum monthly transaction limit for exemptions from underlying transaction document requirements from US$ 25,000 to US$ 10,000. This strategic adjustment is targeting the stabilization of the rupiah currency amidst ongoing global uncertainties, thereby compelling businesses and financial institutions to immediately update their transaction compliance protocols.