Posts Tagged ‘rupiah’

Bank Indonesia in Yogyakarta by B10m

Indonesian Legal Review: Currency

By Ade B. Adamy Perhaps the most talked-about regulation in 2015 was Bank Indonesia’s regulation and circular letter on the mandatory use of Rupiah. These were Bank Indonesia Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of Rupiah within the Republic of Indonesia (“BI Reg 17/2015″) and Bank Indonesia Circular Letter No. 17/11/DKSP regarding the Mandatory [...]

Bank Indonesia in Yogyakarta by B10m

Mandatory Use of Rupiah in Indonesia

Indonesia’s central bank, Bank Indonesia, recently issued BI Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of the Rupiah within the Republic of Indonesia, dated March 31, 2015 (“BI Reg 17″), which restricts the use of foreign currency in domestic transactions conducted within Indonesian territory. With the issuance of BI Reg 17, despite the fact that [...]