Every time there is a great indication of the entity will enter into the foreign exchange market to buy dollars to pay for imports purposes or to pay foreign debt, foreign exchange market was suddenly shaking. due to foreign exchange in the domestic market is limited stock, even arguably syndrome "forex shortage" for a long time. is an extreme example of the amount of demand that is not supported and do not supply adequate its observed foreign debt. On the other hand, now there is the reality in which the Foreign Exchange Result Export (DHE) and Foreign Exchange Foreign Debt (DULN) parking lot of the fun out of the country and did not enter the domestic financial system. Sizable Bilangannya of U.S. $ 29 billion for DHE and U.S. $ 2.5 billion for DULN. It is conceivable that if funds are withdrawn into the financial system in the country, is not going to make liquid foreign exchange market? Until 2011, the domestic foreign exchange market Foreign portfolio arguably influenced short-term nature (hot money). The danger is that the funds could escape at any time (sudden capital reversal) broke down and made the exchange rate. Then what therapy to make the domestic forex market liquid and weed syndrome chronic foreign exchange shortage? Inevitably, DHE and DULN a fun park on foreign banks must be drawn into the domestic banking system. The trick? Bank Indonesia (BI) as the monetary and financial system stability and guards payment system, released a policy that requires all exporters receive DHE through a foreign exchange bank in Indonesia. So did foreign debt debtor shall withdraw DULN through foreign exchange banks nationwide. The policy stated in Bank Indonesia Regulation (PBI) No.13/20/PBI/2011 about Foreign Exchange Result Export Receipts and Foreign Exchange Foreign Debt Withdrawal dated 30 September 2011, and entered into force by January 2, 2012. At the time BI issued the policy, it could raise concerns ripple beleid exporter that is synonymous with exchange control. Yeah so what? Indonesia has Law No. 24 Year 1999 on Foreign Exchange Flow and Exchange Rate System that embraces free foreign exchange system. BI confirms that regulation does not run afoul of the law. This can be seen in this regulation do not require exporters and debtors for how long save DHE and DULN in domestic banks and / or convert it to rupiah. PBI's presence at least bring three benefits that nationally, the monetary and financial markets. Nationally, the policy would strengthen macroeconomic stability and a source of economic funding, supporting policies related to taxation of tax refunds, and improve the quality of statistics and monitoring foreign exchange (exports, imports, and foreign debt). Benefits in monetary, will strengthen the stability of the exchange rate and external resistance RI. Moreover, it will support efforts to achieve price stability, which is reflected in the inflation come from imported inflation. While the benefits for the financial markets, will enable the foreign exchange market in the country and increase the depth of financial markets. When you see the wide scope of policy benefits to grasp, of course, BI can not walk alone. For this reason, since the August 2011 Bank signed an agreement with the Ministry of Finance that behind including the Directorate General of Taxation and the Directorate General of Customs and Excise and the Central Statistics Agency (BPS). The cooperation is intended to DHE and monitoring efforts by the central bank withdrawals DULN can work effectively in the interest of the national economy. With the above explanation, the presence of DHE & DULN policy will make clear syndrome "shortages" vanished chronic forex market, the exchange rate stable, more solid macroeconomic stability and increased economic sources of financing. Well, who's not happy with the conditions, it's no wonder appear heroic response from exporters when the socialization policy & DULN DHE, "all for the sake of all Red-White, our backs are at least 3 (three) ter biological principles in Bank Indonesia Regulation (PBI) No.13/20/PBI/2011 about Foreign Exchange Result Export Acceptance Policy (DHE) and Withdrawal of Foreign Exchange Foreign Debt (DULN). The third principle is that the DHE shall enter through the national exchange bank, DHE value must equal the value of the export of goods (PEB), and DHE shall go to the bank after 90 days from the issuance of the PEB. While the debtor to withdraw DULN, this regulation requires that the flow of foreign exchange coming in through banks. To ensure that beleid obeyed, Statistics and Monitoring Division at the Department of DHE Economic and Monetary Statistics (DSM) Bank Indonesia tasked with monitoring. In order to monitor, document BI will conduct research on adherence to the fulfillment of obligations acceptance exporters DHE. What is examined? Studied is the correspondence between the value of DHE that go through the national exchange bank with the value delivered PEB exporters to the Directorate General of Customs and Excise. BI will also ensure that DHE has been received in the national foreign exchange bank in accordance with the deadlines specified. Since the PEB information received, the central bank has started to monitor the presence or absence of DHE in and reported by the bank. Therefore exporters need to convey information about DHE receives to the bank for further information passed to the BI DHE. When DHE has not been received after the deadline passes, or DHE observed rate is less than the PEB, then the central bank will ask for a written explanation with supporting documents. If only, there was an exporter or a debtor who fails to satisfy the rule, there is an administrative sanction in the form of fines. The same is done for the Department of International Bank Indonesia DULN borrowers who did not heed these rules to impose administrative sanctions such as fines. Although exporters pay a fine but if it does not go well DHE, exporters will be blocked by DG BCsehingga can not export. Blocking new sanctions could be lifted by the Directorate General of BC after receiving a report from the central bank that the fine has been paid and DHE has been entered into the national foreign exchange bank. To avoid penalties, you should carry out the obligations of exporters entering DHE DHE and immediately convey the information it receives to the bank. Well, we all understand that every penny valuable foreign exchange for the national economy, and we hope not to happen blocking exports. Therefore we need the support of all exporters and banks. mangnya there are pockets of the rich but broke Kemps alias. Thus, liquidity is important to rotate the wheels of business. If so, can dong relationship between assets and liquidity attached to a country. Yes, it certainly could. Why Bank International Indonesia DULN debtors who did not heed the rules to impose administrative fines. Although exporters pay a fine but if it does not go well DHE, exporters will be blocked by the Directorate General of BC to do the export. Blocking new sanctions could be lifted by the Directorate General of BC after receiving a report from the central bank that the fine has been paid and DHE has been entered into the national foreign exchange bank. To avoid sanctions, exporters should perform his duty and immediately entered the DHE DHE convey information it receives to the bank. Well, we all always known that every penny valuable foreign exchange for the national economy, and we hope not to happen blocking exports. Therefore we need the support of all exporters and banks. Considering that Indonesia still relies on imports of capital goods, the national economy requires continuity of supply exchange. Supply of foreign exchange in the domestic market is now largely derived from foreign funds in the form of portfolio investment, in the form of the purchase of shares of local companies, Government Bonds, or Certificates of Bank Indonesia (SBI). Capital inflows in portfolio investment is short-term (hot money) and are prone to the risk of reversals (sudden capital reversal). The exit of foreign capital raises immediately broke down the exchange rate. This condition certainly will not benefit because development requires stability in the rupiah. Other funding sources that are more stable (sustainable) can be derived from Foreign Exchange Result Export (DHE) or Foreign Exchange Foreign Debt (DULN). However, in practice, not all of DHE into the country. This resulted in the domestic foreign exchange market is structurally deficient supply. Lack of supply is covered by short-term capital inflows. In 2011, the number of DHE that is stored outside of the country is estimated to reach U.S. $ 29 billion. The amount is more than enough to compensate for development funding comes from the 'hot money' of U.S. $ 16 billion in 2010, and dipped to U.S. $ 6 billion in 2011. Based on that Bank Indonesia in September 2011 issued rules to ensure banks receiving DHE through Indonesia in the form of Bank Indonesia Regulation No. 13/20 / PBI/2011 about Foreign Exchange Result Export Receipts and Withdrawal of Foreign Exchange Foreign Debt. The new regulations came into force on January 2, 2012. DHE admission policy settings is still founded on the free foreign exchange system that is valid for this (Act No. 24 of 1999 on Foreign Exchange Flow and Exchange Rate System), that any resident can freely own and use devisa.Secara outline, this rule requires all DHE received through foreign banks in the country no later than 90 days after the date of Export Declaration (PEB). But given the leeway to export 2012 deadline for receipt DHE up to six months after the date of PEB. In line with the principle of freedom of ownership and use of foreign exchange, there is no obligation for exporters to keep DHE in the bank within a specified period and converting foreign currency into the currency of rupiah DHE. Many benefits can be learned from the implementation of this policy. Placement of DHE through banks in Indonesia can contribute nationally optimal for him to strengthen macroeconomic stability and improving economy stable source of funding. DHE is also the policy of supporting tax policy related to tax refunds and is expected to improve the quality of export statistics and monitoring supply of foreign exchange. The entry of DHE to national banks will improve the sustainability of pa-sokan domestic currency and reduce reliance on short-term foreign funds so as to strengthen the stability of the exchange rate and external resistance Indonesia.Nilai a stable exchange rate to reduce the impact of imported inflation that could interfere with the achievement of price stability (inflation). Furthermore, the flow into the banking DHE Indonesia is also expected to be a source of funds used by banks, to enable the foreign exchange market in the country, and encourage financial market participants creates a healthier financial markets. Indonesia is not the only country in the world that requires exporters to enter the DHE. In the ASEAN region, Malaysia requires that export proceeds brought into the domestic banking system no later than 6 months after the date of export. In Thailand, foreign exchange shall be brought into the domestic banking system no later than 1 year after the date of export transactions and foreign debt. While in the Philippines, the withdrawal of foreign debt for domestic activities shall be entered and converted into pesos. Among emerging markets, India requires export proceeds go later than 1 year after the date of export, and shall be converted to the local currency. In addition, Brazil does not require the inclusion of export proceeds and foreign debt, but if you go to national banks shall be converted into the domestic currency. While continuing to work to reduce our dependence on imports, we expect a lot of DHE to get a source of funds for financing the construction of news that Bank Indonesia (BI) issued by Bank Indonesia Regulation (PBI) No.13/20 / PBI/2011 about Foreign Exchange Result Export Revenue (DHE) and Foreign Debt Withdrawal of Foreign Exchange, which requires exporters to receive DHE through a bank in the country, is exciting news for all foreign banks in the country. Of course, foreign banks are still not seen DHE into Indonesia, the big fish like dancing tempting to be arrested. DHE exchange bank hopes that will be received by the exporter in the foreign banks in the country, and not just passing through but linger in their place. Banks expect it could be used as a source of foreign currency funds that can provide benefits to the bank. Soon after announcing the provision of BI revenues DHE obligation through domestic foreign exchange banks, foreign banks vying to win the hearts of beautifying themselves and expect exporters exporters as selected by the receiving bank DHE. Some banks swiftly to prepare human resources that have a special duty to deal with bank customers are exporters, among others, to answer questions from exporters and help exporters to obtain export various facilities-related activities. In fact there is a bank which contains in its website the names of employees who can be contacted, specifically to the questions concerning the provisions of DHE. Some banks try other strategies such as holding a meeting with the owner of the funds in particular customers, and deliberately used the meeting as an event to explain the related bank services revenues DHE. No.13/20/PBI/2011 PBI is an opportunity for the bank to get the required DHE exchange received through a foreign exchange bank in the country. But the success of the bank to seize this opportunity greatly influenced the ability to provide excellent service to exporters, the owner of the DHE. Exporters as DHE owner will certainly have different needs banking services to facilitate export activities. This condition becomes a challenge for foreign banks in the country, how to meet the needs of banking services exporter will support the smooth operation of its exports. Banks are required to provide the best products and services so that the chances of catching DHE it can become a reality. An obligation to pass on information related exporters received DHE, also is an opportunity and challenge for foreign banks in the country. Exporters as customers need to get good service from the staff in the bank and have easy to convey the information it receives DHE, otherwise known as Export Transaction Details (RTE). Foreign banks as intermediaries receipt and delivery of DHE RTE has an obligation to ensure the delivery of RTE to the BI done in a timely and accurate manner. If not, the bank will assess the impact that the exporter has not fulfilled its obligation to report DHE. If the exporter is already fulfilling its obligations, and there is negligence on the part of banks, exporters must be disappointed at the bank and was reluctant to accept his DHE through the bank at a later date. Conversely, if the member bank convenience for exporters, including in fulfillment of reporting obligations RTE, the exporter will be loyal and happy to put her in the bank DHE. RTE reporting obligations of exporters, which in essence is, arguably may be quite burdensome bank. This is due to the DHE reports received can only be delivered to the central bank through the bank's exporters. Prior to the reporting obligations of any bank RTE already burdened with various reporting obligations, including daily reports, weekly reports, and monthly reports including monthly traffic exchange. Additional reporting obligations set out in the Regulation RTE No.13/21/PBI and SE External No.14/12/DSM increase the workload of the bank. In that provision, the bank is also exposed to liability RTE reporting deadline to the BI. If the bank late in submitting reports to the BI RTE, and / or RTE reports submitted incorrectly, the bank will be subject to administrative sanctions such as fines. Well, from the above explanation, we can see that the discharge provisions of DHE provide opportunities for foreign banks in the country to earn foreign exchange sources of funds that can be used among others for foreign currency lending or borrowing interbank money market, in addition to the opportunity to earn additional fee-based income. This condition is a challenge for foreign banks in the country to compete to capture the "big fish" with her DHE provide best products and service exporters are foreign hero. In fact, exporters me rupakan largest foreign exchange earner for the republic. From Indonesia's balance of payments (BOP) in 2011, it can be seen that the greatest inflow comes from exports amounting to U.S. $ 201.47 billion. However, it is not the whole figure of her is in Indonesia's banking system. A number of exporters preferred to receive payment of export overseas bank for various reasons. To address the above conditions, the central bank issued a regulation regarding the acceptance of obligations Exchange Export Results (DHE), which requires exporters to receive DHE through a bank in the country. And to ensure that provision goes well, the exporter must report the receipt DHE format Export Transaction Details (RTE) to the Bank through the bank where the exporter receives the funds. RTE close connection with DHE. Where there DHE, there must exist RTE. When an exporter sells goods to importers abroad, the importer will pay a sum of money as compensation for the goods. The money received by exporters is called DHE. So, what is RTE? RTE is reporting that at the point the bank to the central bank on the basis of information regarding the DHE exporter receives. Specifically, about the RTE contains information that describes the relationship between the DHE and export activities as stated in the document Export Declaration (PEB). PEB published by the Directorate General of Customs (DJBC) every shipment of goods by exporters. Without the right information, detailed and accurate description of the exporters, banks can not deliver to the Bank in accordance with the RTE provisions. As a result, BI has no data indicating that the exporter has received DHE obligations through domestic foreign exchange banks. In fact, negligence exporters will ultimately result in the imposition of administrative sanctions such as fines and sanctions blocking the export services to exporters. Therefore, the accuracy and correctness of the data becomes very important RTE. Then, how delivery mechanisms RTE by exporters to banks and from banks to BI? When DHE received exporters in domestic banks, within three working days RTE exporter must complete the information required to be submitted to the bank where DHE received along with the supporting documents if necessary. Furthermore, the bank will verify the RTE and the supporting documents submitted for incorporation in the report exporter Foreign Exchange (LLD) to be submitted to BI Reports on Submission Period (MPL). So, who's obligations RTE, bank or exporter? Although RTE submission made by the bank to the central bank through Bank LLD reporting system, RTE is the true interests of exporters, facilitated by the bank. Why is that? Is not the information contained in RTE majority-owned exporters. Similarly, acceptance of liability rules in domestic banks DHE addressed to the exporter is not a bank. In addition to regulating the obligation, the rule also contains penalties for exporters if not completely and accurately fill out reports RTE. Although RTE is incumbent exporters, banks as intermediaries receipt and delivery of DHE RTE still have an obligation to ensure the delivery of RTE to the BI done in a timely and accurate manner. If not, in accordance with reporting LLD, banks will be subject to sanctions or penalties untruth delays and reports. Runs good order RTE reporting, BI intensive outreach to ex-porters and banks. If there are things you want to ask about RTE, BI opened clinics and services Bank Help Desk toll-free (local call) 0-800-10-80-000 or can also communicate via email to TSM-DHE@bi.go. ps. Indeed, the presence of RTE's a bit much to make trouble exporters and banks. But try for a moment contemplated deh, not extending benefits was reversed hassles for the national economy that is so great? Well, so-so say that every drop of sweat as the heroes of foreign exporters in making reports RTE not be in vain Prawiro Tower Bank Indonesia (BI) Floor 25 to witness the development of policies related to the Foreign Exchange Bank Indonesia Export Results (DHE) on 11 April 2012 ago. BI in collaboration with the Directorate General of Customs and Excise (DJBC) and the Association of Bonded Zone (APKB) to disseminate the policy to the exporters. This activity is one of many steps taken BI socializing before and after the enactment of the policy since September 2011. "BI is very concerned about the constraints faced by exporters both in fulfillment of the obligation to accept DHE through foreign banks in the country and reporting, because it shows such a meeting is expected to facilitate communication between BI, exporters and the Directorate General of Customs and Excise," said Farida delivered Peranginangin, Chief of Statistics and Monitoring Division DHE Department of Economic and Monetary Statistics BI in the opening of socialization. To what extent does the meaning of this provision? The question is simple but interesting to say. Secuplik flashback author's experience in one of the national banks in New York, the United States associated with DHE and Foreign Exchange Foreign Debt (DULN). As one person in charge of the division of settlement, feels there are things that do not 'fit' in the transaction Letter of Credit (L / C) is one of Indonesia's national company. Transactions made offshore companies (abroad), not through a domestic company dimiliknya. It actually is not hard to do by the company in question. Transactions carried out followed by a portion of a substantial financial transactions through his company in one of the neighboring countries. Dana was moved to the company's account in the neighboring country. Some of the potential reduction in state entry created by this transaction. Import duties and tax revenues are smaller. Another experience in the land of Uncle Sam, as one in the division responsible lending (loan), tingling sense of nationalism, the author will pattern lending some Indonesian companies obtain foreign loans, both by national banks and international banking. Lucrative credit limit and followed by a sizeable withdrawal, the withdrawal value of the credit would be helpful if the whole national economy meant immediate funds used to support the production process in Indonesia. In fact, only a portion of DULN returned directly in order to process the production of export goods are prepared in Indonesia. Even at the time of payment of the loan term, often companies do not use foreign currency funds in foreign bank accounts. They prefer to use the proceeds to pay in Indonesia are converted from dollars into the foreign exchange needed. Some states also potential for increased liability created by this transaction. Indirectly national private liabilities in foreign currency increased. Private foreign loans meant in turn will increase the need for hard currency in Indonesia. It becomes a burden to the country, particularly in guarding BI exchange rate stability in Indonesia. Some of the examples above, it has been described that policy DHE / DULN ultimately aims to increase economic growth through exchange rate stability. This is in line with the central bank governor Nasution statement during a meeting with leaders of foreign banks beginning September 2011. "Background policy spendeth DHE / DULN still not all DHE / DULN into the country, the domestic foreign exchange market is structurally short supply, the level of hot money high; easy exit of hot money. Background intended to disrupt the stability of the exchange rate. "Thus, the implementation of policies DHE / DULN in the long run will increase the supply of foreign exchange that can help the stability of the exchange rate of Indonesia. This is confirmed Difi A. Johansyah, Head of Group Public Relations BI in a talk show on one of the electronic media. "The potential additional supply of foreign exchange is significant in helping the national good supply of foreign currency arising from the demand for foreign currency such as the need for regular payments of foreign debt, needs PLN, Pertamina and the possible need for capital reversal of the placement of foreign funds in Indonesia." In the same talk show, Benny Soetrisno, Chairman of the Indonesian Employers Association (APINDO) revealed that the implementation of policies DHE / DULN can be understood by the business community aware of Indonesia's exports and this policy will help them in the certainty of supply of foreign currency exchange rates in Indonesia are awake. However, he is also very expects national banks to offer a variety of things that are not less interesting than the foreign banks, both credit facilities of interest include an interest rate not to compete. From the description above, we can interpret that policy DHE and DULN a positive impact on the real economy, especially in supporting Indonesian exporters, as well as the resilience of the national economy. It is also realized by the participants who attended the meeting between BI, DJBC and APKB on 11 April 2012 mentioned above. There are a lot of meetings regarding the implementation of the policy to enter DHE / DULN, particularly with respect to reporting and the imposition of sanctions is still a pretty big issue. Therefore, efforts to socialization and dissemination of this policy should continue to be done in order to stimulate the economy, the better Indonesia (Bank Indonesia * has long been monitoring the movements of foreign exchange flows in particular foreign exchange export proceeds (DHE) and withdrawal of Foreign Exchange Foreign Debt (DULN) which fun park on banks abroad. By 2011, the rate of DHE and DULN parked in overseas banks respectively estimated at U.S. $ 29 billion and U.S. $ 2.5 billion. was a small amount indeed. could imagine when foreign exchange can be brought in. to the banking system in the country. would immense benefits to the Indonesian economy. Referring to the data that is pushing BI rolling the Bank Indonesia Regulation (PBI) No.13/20 / PBI/2012 of DHE and DULN. beleid per se obliges exporters receive DHE and DULN through foreign banks in the country. PBI One basic consideration is stated that the information and data is correct and timely, obtained from the monitoring of foreign exchange flows are necessary in the preparation of statistical statistics covering Indonesia's balance of payments (BOP) position Investment International Indonesia (PIII) and other statistics. In Indonesia, people are often asked, what is the benefit of statistical data. Though many valuable data and strategic information, even when the data has been a staple of the various parties. highly improbable if there is a policy of zero is based on the data. Perhaps BI policy of DHE / DULN will not be published if not known how much potential exporters of foreign exchange deposited in banks abroad. Seeing illustration imagine how great the benefits of statistical data for policy decision making. benefit of the importance of the data is not only perceived government alone, employers must also rely heavily on data in business decision making. example, if exporters wish to expand the business, then they need to know how big the potential market commodity to be exported in the destination country, how the exchange rate at the time so the company can determine potential benefits, of course, assuming a stable exchange rate. All questions will be answered when the available data are accurate. That's why this is also why for many BI request data from the public. Measures compiles data DHE BI is not without foundation. According to Law 24 1999 on Foreign Exchange Flow and Exchange Rate System, the central bank authority to request information and data concerning the activities of the Foreign Exchange (LLD) conducted population. To that end, each resident must provide information and data about the activities LLD does either directly or through other parties to the BI. LLD is defined as transfer of assets and liabilities between residents abroad to non-residents or antarpenduduk. LLD data compiled BI is very beneficial both in the preparation of the balance of payments statistics, PIII, preparation of the supply-demand exchange, as well as monitoring LLD activity. instance, the preparation of the balance of payments statistics require data export and foreign exchange export proceeds. Compilation PIII statistics require exporters account position data stored in foreign banks and foreign liabilities. further by developing supply-demand exchange will be known how much pressure on the rupiah so beneficial for the central bank in order to stabilize the exchange rate. As an illustration, referring to statistics BI is known that the current account balance of payments in 2011 recorded a surplus of U.S. $ 2.1 billion. This means that the value of exports of goods and services and income is greater than value of imports. contrast in cash, according to monitoring data LLD activity, known to the current account deficit actually great. means foreign exchange earnings from the export of goods and services and income is smaller than the amount of foreign exchange requirements for import transactions. condition is partly.
Tidak ada komentar:
Posting Komentar