We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
In our e-bulletin on 21 September 2011 we noted that Bank Indonesia ("BI") had proposed to issue new regulations requiring (i) Indonesian debtors; and (ii) Indonesian exporters receiving proceeds (in a foreign currency) to deposit such proceeds in a bank in Indonesia
The Governor of Bank Indonesia ("BI"), the Indonesian central bank, has foreshadowed that BI is likely, by the end of September 2011, to issue a new Bank Indonesia regulation ("Regulation") requiring (i) Indonesian exporters, and (ii) Indonesian debtors receiving offshore loans (in a foreign currency) to deposit the proceeds in a domestic bank in Indonesia
