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Indonesian Importers Must Report Forex Purchases Starting 2020

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) requires all importers to report the use of foreign exchange (forex) for overseas purchase starting Jan. 1, 2020, said the central bank...

Indonesia’s Forex Reserves US$126.4B in August

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted, country's foreign exchange reserves at the end of August 2019 amounted to US$126.4 billion, increase 0.39 percent...

Indonesia’s Forex Reserves US$125.9 Billion in July

JAKARTA (TheInsiderStories) - Indonesia' foreign exchange (forex) reserves stood at US$125.9 billion in July, the central bank (BI) reported on Wednesday (08/7). The amount...

Indonesia’s Foreign Exchange Reached US$123B in June

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted, country' foreign exchange reserves at the end of June 2019 were recorded at US$123.8 billion, increased 2.9...

BI Revises Foreign Exchange Open Market Operations Rule

JAKARTA (TheInsiderStories) - Indonesian central bank (BI) refined the regulation concerning of foreign exchange open market operations. Open market operations on the foreign exchange...

Indonesia to Do Various Auctions to Maintain The Rupiah’s Stability

JAKARTA (TheInsiderStories) – Bank Indonesia (BI) will act quickly to maintain the stability of the rupiah exchange rate against the US dollar. These actions...

Indonesia Chops Export Procedures to Suppress Forex Revenues

JAKARTA (TheInsiderStories) – The government chopped export procedure for natural resources to boost foreign exchange (forex) revenues and to anticipate capital outflow from the country,...

Indonesia’s Deposits Rate Possibles to Escalate in 2019

JAKARTA (TheInsiderStories) - Indonesia' deposit rates has potentially to increase due to the possibility of a benchmark rate hike in 2019, said Deposit Insurance Corporation...

Weekly Briefing: Indonesia Braces for More Volatility as Trump Ratchets Up...

JAKARTA (TheInsiderStories) - Good morning. Last week ended with a brief relief for the Rupiah and Indonesia financial markets but Donald Trump’s statements on the escalating...

Indonesia’s Tourist Arrivals Grow 16.6% in August

JAKARTA (TheInsiderStories) - Indonesian tourist arrival showed a positive sentiments to the state of the economy. The number of foreign tourists arrived in Indonesia rose 16.6 per...

Bank Indonesia: Foreign Banknotes Licensing Starting Sept. 3

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) will allows specific person or entity carrying foreign banknotes over than Rp1 billion (US$68,965.51) with permission starting Sept....

Indonesia Targets Income from the Tourism Sector US$28B in 2024

JAKARTA (TheInsiderStories) - Overcoming the problem of the current account deficit (CAD) in the trade balance, Coordinating Minister for Maritime Affairs (CMMA) Luhut Binsar...

Bank Indonesia Introduces New Overnight Interbank Rate

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) introduced a new overnight interbank rate called IndoNIA, which will replace the Jakarta Interbank Offered Rate (JIBOR), said...

Indonesia to Expand the Use of B20 in September

JAKARTA (TheInsiderStories) - Indonesian government is serious to expand the use of 20 percent blended biodiesel (B20) to all diesel-engined vehicles in September, said one senior...

Indonesian Regulator Eases Hedging Requirement for Banks

JAKARTA (TheInsiderStories) - Indonesia's Financial Services Authority (FSA) has revised a set of regulations on prudential measures for commercial lenders when selling structured products, a...

Indonesian Currency Drop as Yields Spike Lifts Dollar

JAKARTA (TheInsiderStories) - The Indonesian Rupiah hit its lowest point since October 27 on Thursday. It has dropped around 1.7 percent since the end...

Forex Reserves Increase to US$131.9 billion as of January

JAKARTA (TheInsiderStories) - Indonesia`s foreign exchange reserves rose by US$1.7 billion to US$131.9 billion as of late January 2018 from US$130.2 billion a month...