SMI: managing Indonesia’s national financier
Aug 31, 2015
Indonesia’s CFOs pore over exemptions in no-dollar rule
Bank Indonesia’s no-dollar rule for cash and non-cash domestic transactions is in effect, exposing some treasurers to more rupiah volatility. They are looking closely at the policy’s exemptions and grace measures to see if they can escape its clutch.
Indonesia’s central bank has mandated that only rupiah can be used for cash and non-cash transactions, a rule that is expected to impact treasurers’ asset liability management and cost of borrowing.
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