Exporters Warned: State-Owned Banks Exclusively Designated to Manage Foreign Exchange Placements as Eximbank Role Eliminated

Bank Indonesia (“ BI ”) has issued Regulation of the BI Board of Governors No. 16 of 2026 on the Third Amendment (“ Third Amendment ”) to Regulation of the BI Board of Governors No. 4 of 2023 on Export Proceeds and Import Payments in Foreign Exchange, as amended several times, most recently by Regulation of the BI Board of Governors No. 4 of 2025 (collectively referred to as “ Regulation 4/2023 ”). [1]