REGULATION OF BANK INDONESIA
No. 4/8/PBI/2002

CONCERNING
THE REQUIREMENTS AND PROCEDURES FOR BRINGING THE RUPIAH OUT OF OR
INTO THE CUSTOMS TERRITORY OF THE REPUBLIC OF INDONESIA

THE GOVERNOR OF BANK INDONESIA,

Considering :

• a. that to control, safeguard and maintain the stable rupiah as well as to monitor the traffic of money in circulation including the control of counterfeit bank notes, the requirements and procedures for bringing the rupiah out of or into the customs territory of the Republic of Indonesia are needed;
• b. that the requirements and procedures for bringing the rupiah out of or into the territory of the Republic of Indonesia as laid down in Regulation of Bank Indonesia No. 3/18/PBI/2001 are no longer relevant to the present situation and condition as well as the legal need in the community, so that their substances need to be restipulated to make them compatible with Law No. 15/2002 on Money Laundering;
• c. that in line with the above matters, it is deemed necessary to stipulate Regulation of Bank Indonesia on the Requirements and Procedures for Bringing the Rupiah cut of or into the Customs Territory of the Republic of Indonesia;

In view of:

• 1. Law No. 10/1995 on Customs Affairs (Statute Book of 1995 No. 75, Supplement to Statute Book No. 3612);
• 2. Law No. 23/1999 on Bank Indonesia (Statute Book of 1999 No. 66, Supplement to Statute Book No. 3843);

HAS DECIDED:

To stipulate:

REGULATION OF BANK INDONESIA ON THE REQUIREMENTS AND PROCEDURES FOR BRINGING THE RUPIAH OUT OF OR INTO THE CUSTOMS TERRITORY OF THE REPUBLIC OF INDONESIA.

CHAPTER I
GENERAL PROVISIONS

Article 1

Hereinafter referred to as:

• 1. The rupiah shall be both bank notes and coins serving as a legal means of payment in the territory of the Republic of Indonesia;
• 2. Bringing the rupiah out of or into the customs territory of the Republic of Indonesia shall be bringing the rupiah out of or into the territory of the Republic of Indonesia by oneself or through other party by means of or without transportation means;
• 3. The customs territory of the Republic of Indonesia shall be the customs terrotory as referred to in Law No. 10/1995 on Customs Affairs;
• 4. Bank Indonesia permit shall be the written permit from Bank Indonesia to bring certain quantity of the rupiah out of the customs territory of the Republic of Indonesia;
• 5. Anybody shall be either an individual or corporation.

CHAPTER II
THE REQUIREMENTS AND PROCEDURES FOR BRINGING THE RUPIAH

Article 2

Anybody who is to bring the rupiah totaling Rp100,000,000 (one hundred million rupiahs) or more out of the customs territory of the Republic of Indonesia shall secure a Bank Indonesia permit.

Article 3

Anybody who is to bring the rupiah totaling Rp100,000,000 (one hundred million rupiahs) or more into the customs territory of the Republic of Indonesia shall first come to the customs officers in the place of arrival to have the originality of the money checked.

Article 4

(1) The Bank Indonesia permit as referred to in Article 2 shall only be issued for the purposes of:

• a. a test of money printing machine;
• b. exhibition overseas;
• c. other matters which according to Bank Indonesia's considerations need to be given a permit on the basis of public interests.

(2) The Bank Indonesia permit as referred to in paragraph (1) can only be given for 1 (one) use, on the stipulation that:

• a. the validity period of the permit covers a maximum of 30 (thirty) work days starting from the issuance date of the permit;
• b. The permit must be handed over to the customs officers in the place of departure;
• c. The amount of money brought must not exceed the amount written in the permit.

Article 5

(1) To secure the permit as referred to in Article 2, the party concerned shall file a written application to Bank Indonesia no later than 15 (fifteen) days before the date of departure.

(2) The application for the permit as referred to in paragraph (1) shall be complete with the identity (for individual), the name and address of company (for corporation), the amount of money to be brought, the purpose of using money, the place of departure and the date of departure explained in the application as contained in Attachment I to this Regulation.

(3) The application for the permit as referred to in paragraph (1) for the purpose of a test of money printing machine and exhibition overseas shall be filed to:

• a. The Directorate of Foreign Affairs - the Head Office of Bank Indonesia, for the applicants domiciled in Jakarta, Bogor, Tangerang, Bekasi (JABOTABEK);
• b. The nearby Office of Bank Indonesia, for the applicants domiciled outside Jakarta, Bogor, Tangerang, Bekasi (JABOTABFK). The List of Offices of Bank Indonesia can be observed in Attachment II to this Regulation.

(4) The application of the permit as referred to in paragraph (1) for other purposes than a test of money printing machine and exhibition overseas shall be filed to the Directorate of Foreign Affairs - the Head Office of Bank Indonesia, for the applicants domiciled in Jakarta, Bogor, Tangerang, Bekasi (JABOTABEK).

(5) Bank Indonesia shall reply the application for the permit as referred to in paragraph (1) no later than 10 (ten) work days after receiving the application in a complete and correct manner.

CHAPTER III
ADMINISTRATIVE SANCTION

Article 6

(1) Anybody that violates the provisions in Article 2 shall be liable to fines as much as 10% (ten percent) of the amount of the rupiah brought with a maximum fine of Rp300,000,000 (three hundred million rupiahs).

(2) Anybody that violates the provisions in Article 3 shall be liable to fines as much as 10% (ten percent) of the amount of the rupiah brought with a maximum fine of Rp300,000,000 (three hundred million rupiahs).

(3) Anybody that violates the provisions in Article 4, paragraph (2), letter c shall be liable to fines as much as 10% (ten percent) of the amount of the rupiah brought after being deducted from the amount of the rupiah permitted, with a maximum fine of Rp300,000,000 (three hundred million rupiahs).

Article 7

(1) The fines shall be imposed by calculating the amount of the rupiah brought out or into the customs territorys of the Republic of Indonesia.

(2) The amount of the rupiah after being deducted from the fines as referred to in Article 6 shall be returned to the party liable to the fines.

(3) The rupiah returned as referred to in paragraph (2) can be brought out of the customs territorys of the Republic of Indonesia after the provisions in Article 2 are fulfilled.

Article 8

The fines as referred to in Article 6 shall constitute state revenue that must be transferred to the State Treasury.

Article 9

The Directorate General of Customs and Excise shall implement this Regulation of Bank Indonesia in accordance with the law in force in the customs field.

Article 10

The obligation to report the rupiah totaling Rp100,000,000 (one hundred million rupiahs) or more brought out of or into the territory of the Republic of Indonesia as referred to in Article 16, paragraph (1) of Law No. 15/2002 on Money Laundering, shall not eliminate the obligation to secure a permit from Bank Indonesia as referred to in Article 2 and the obligation to have the originality of money checked as referred to in Article 3.

CHAPTER IV
CONCLUSION

Article 11

With the enforcement of this Regulation of Bank Indonesia, Regulation of Bank Indonesia No. 3/18/PBI/2001 on the Requirements and Procedures for Bringing the Rupiah out of or into the Territory of the Republic of Indonesia shall be declared null and void.

Article 12

The Regulation of Bank Indonesia shall come into force as from the date of stipulation.

Stipulated in Jakarta
On October 10th. 2002
THE GOVERNOR OF BANK INDONESIA,
sgd.
SYAHRIL SABIRIN

Elucidation of REGULATION OF BANK INDONESIA
No. 4/8/PBI/2002

Attachment of REGULATION OF BANK INDONESIA
No. 4/8/PBI/2002