Indonesia and DPR Agree to Establish International Financial Center Law

Indonesia's government and its House of Representatives have officially passed the bill establishing the Indonesia International Financial Center (PFII) into law. The agreement was reached during a plenary session on Tuesday, July 21, 2026, following swift approval from all factions in the DPR's Commission XI the day prior.

This legislative move marks a significant step in Indonesia's financial development. The process for the PFII law was notably rapid, taking less than a month from its inclusion in the National Legislation Program (Prolegnas) for 2026 on June 23, 2026.

During the plenary session, DPR Speaker Puan Maharani formally sought consensus on the bill. "We will ask all factions if the bill concerning the Indonesia International Financial Center (PFII) can be approved to be enacted into law?" she inquired. The members of the DPR responded with a resounding "Agreed!" twice, culminating in Maharani's gavel strike, signifying the joint approval of the new law.

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