External Debt Reporting Obligations

Bank Indonesia has issued Regulation No. 13/22/PBI/2011 of 2011 on Mandatory Reporting Obligations for Foreign Exchange Debt Withdrawals (“Regulation”) to maintain Rupiah stability and support the availability of foreign currency in the domestic market. The Regulation also ensures that Bank Indonesia’s foreign currency policy for external debt withdrawals runs smoothly, by requiring debtors to report withdrawals of foreign currency debt disbursements. These reports provide Bank Indonesia with a method of collecting necessary data to implement monetary policies that minimize exchange rate volatility caused by unstable foreign currency supply in the domestic market.