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Wednesday, January 9, 2013

Bank Indonesia (BI) to improve the provisions of Foreign Exchange Receipts Export Results (DHE) and Foreign Exchange Foreign Debt Withdrawal.

Bank Indonesia (BI) to improve the provisions of Foreign Exchange Receipts Export Results (DHE) and Foreign Exchange Foreign Debt Withdrawal.



Bank Indonesia (BI) to improve the provisions of Foreign Exchange Receipts Export Results (DHE) and Foreign Exchange Foreign Debt Withdrawal. Bank Indonesia Regulation (PBI) No. 14/25/PBI/2012 about Foreign Exchange Result Export Receipts and Withdrawal of Foreign Debt Foreign Exchange with effect from January 1, 2013, revenue obligations set DHE through foreign exchange banks.

Executive Director of the Department of Economic and Monetary Statistics of Bank Indonesia (BI) Sulistyowati Hendi explained that there were several points PBI changes, one of which is on the bank to channel export payments.

"Export payments do not have to go through a bank abroad. Now can cash in dollars," said Hendi. BI allows payment in the domestic exports or through foreign exchange banks.

Deferred revenue DHE through foreign banks do not apply to government-owned DHE received through BI. As well DHE received in cash in the country, as long as evidenced by a written explanation accompanied by adequate supporting documents.

Hendi said, the achievement of DHE through foreign banks abroad decreased every year since 2010. In 2010, DHE received through foreign banks was 22.9 percent, in 2011, dropped to 19.6 percent, and in 2012 was reduced again to 15 percent.

"This figure has not significantly decreased. Due extant foreign exchange export proceeds are to be paid in 2012 is foreign banks," said Hendi. For 2013, the central bank hopes that number will fall below 15 percent.

In 2012, DHE exports go through the local foreign banks amounted to 107.07 billion U.S. dollars. Later that go through banks abroad were 22.33 billion U.S. dollars.

Currently, there are 10 large banks that received payments DHE, the BCA, Mandiri Bank, Citibank, BNI, HSBC, Sumitomo Mitsui, BRI, DBS, Mitsubishi, and Standard Chartered.

In addition, the regulation also stipulates the mandatory DHE acceptance no later than three months after the registration of Export Declaration (PEB). "Previously, commencing 90 days. Actually almost the same, but sometimes confused exporters count on. Then made 3 months," said Hendi.

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