Bank Indonesia amends Domestic Non-Deliverable Forward (DNDF) Regulations - Bank Sentral Republik Indonesia
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June 16, 2019

As decided at the BOG Meeting in April 2019, Bank Indonesia (BI) has expanded its accommodative policy stance to stimulate domestic demand, including the supply of Domestic Non-Deliverable Forwards (DNDF), by simplifying the respective regulations for underlying transactions. To that end, Bank Indonesia has issued Bank Indonesia Regulation (PBI) No. 21/7/PBI/2019 as an amendment to Bank Indonesia Regulation (PBI) No. 20/10/PBI/2018 concerning DNDF transactions. The amendment provides greater flexibility by adjusting the underlying transactions to sell foreign currencies against the rupiah through DNDF transactions by a customer or foreign party. The amendment is expected to provide greater convenience for market players to hedge against currency risk using DNDF transactions to sell foreign currencies against the rupiah.

Complete regulatory information is available by clicking on the following link.

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