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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 tr...

On 1 July 2015, Bank Indonesia’s BI Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of the Rupiah in Indonesia came into effect. This BI Regulation, signed on 31 March 2015, restricts the use of foreign currencies in transactions conducted in Indonesia with the aim to deepen the domestic rupiah market, stabilize the rupiah (which has been depreciating against the US dollar), and foster economic expansion. A previous law (Law No. 7/2011) allowed for involved contract parties to agree using another currency (than the rupiah) for payments. Domestic Transactions that Require the Use of...

The Mandatory Use of the NIN in Everyday Transactions

Notification of change of auditor in terms of paragraph 3.78 of the JSE listing requirements   As part of the dual listed company structure, Ninety One plc and Ninety One Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure Guidance, Transparency Rules and Listing Rules of the United Kingdom Listing Authority (the "UKLA") and/or the JSE Listing Requirements.   The Statutory Audit Services for Large Companies Market Investigation (Mandatory Use of Competitive Tender Processes and Aud...