Indonesia adds documentation to treasurer’s rupiah FX woes
Bank Indonesia has tightened foreign exchange (FX) trading document requirements for the rupiah, further burdening treasurers using the volatile currency.
The Indonesian central bank’s new foreign exchange (FX) trading rules, requiring corporates to provide additional underlying trade documents for FX transactions, come into effect on November 10. Some treasurers say the new rules are already causing them trouble.
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