As a part of the obligation to ensure and maintain the stability of the rupiah currency, the Bank Indonesia (“ BI ”) Board of Governors has issued Regulation No. 24/11/PADG/2022 on Domestic, Non-Deliverable, Forward Transactions (“ Regulation 11/2022 ”), which is aiming to develop the available types of foreign-exchange transactions in Indonesia, particularly Domestic Non-Deliverable Forward (“ DNDF ”) transactions. [1]
BI Issues Provisions on Domestic, Non-Deliverable, Forward Transactions
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