Latest Breaking News On - Mandatory use - Page 11 : comparemela.com

To print this article, all you need is to be registered or login on Mondaq.com. The Indonesian Currency Law and Bank Indonesia ( BI ) Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of Rupiah restrict most transactions within Indonesian territory from being carried out using foreign currency. Core upstream activities in Indonesia are exempted from this requirement for a certain period of time, such as expenditures in relation to the first three years of the exploration period (the Firm Commitment period), over/under lifting, and domestic oil and gas sales transactions by upstream players, which are exempted for 10 years as of February

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