Bank Indonesia Regulation Number 10/21/PBI/2008 - Fifth Amendment to Bank Indonesia Regulation Number 4/9/PBI/2002 concerning Open Market Operations - Bank Sentral Republik Indonesia
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September 30, 2020
Summary Bank Indonesia Laws

Regulation : Bank Indonesia Regulation Number 10/21/PBI/2008 - Fifth Amendment to Bank Indonesia Regulation Number 4/9/PBI/2002 concerning Open Market Operations
Effective date : October 15, 2008

Summary :

  1. Open Market Operation (OMO) in foreign exchange market is conducted in effort of liquidity management, either of the Rupiah or foreign exchange, through selling/buying of foreign exchange toward the Rupiah in the form, among other things, of spot, forward, and swap.
  2. Swap transaction tenor is extended from 7 days to 1 month, which shall be stated in calendar day/s, in the effort to enhance effectiveness of OMO in foreign exchange market and anticipate global financial market turbulences which may disturb national macroeconomic stability.
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