Bank Indonesia (“BI”) has issued Regulation No. 14/25/PBI/2012 on Receiving Foreign Currency From Export Revenue and Withdrawal of Foreign Loans (“2012 Regulation”). The 2012 Regulation re-regulates the practice of receiving and withdrawing foreign currency via foreign exchange banks and it applies specifically to funds that source from export revenue and foreign debt.
Foreign Currency From Export Revenue and Foreign Loans Re-regulated
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