Dissemination of Bank Indonesia Regulation No. 21/14/PBI/2019 on Export Proceeds and Import Payments

In response to EuroCham's request for a dialogue with Bank Indonesia as part of the EuroCham Import-Export Procedures Working Group’s activities, on 10 September 2020, 90 representatives of EuroCham member companies participated at a dissemination of Bank Indonesia Regulation No. 21/14/PBI/2019 on Export Proceeds and Import Payments. In this activity, Bank Indonesia’s representatives shared that the Bank Indonesia Regulation has improved provisions governing Export Proceeds (DHE). The regulation was refined to improve the efficiency of the DHE reporting mechanism by exporters and banks. In addition to this, the new provision regulates the reporting of Import Payments (DPI) by importers and banks through a data and information management system that is efficient, integrated, accelerated, and based on common practice in international trade. In this occasion, Bank Indonesia focused on discussions related to the mechanism for delivering information and reports related to non-Natural Resources DHE receipts and DPI expenditures through the Real-time Integrated Foreign Exchange Monitoring Information System (SiMoDIS). Bank Indonesia expressed its interest to continue a similar dialogue with EuroCham in future.

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