TEMPO.CO, Jakarta - Bank Indonesia (BI) said its policy restricting foreign currency purchases, particularly US dollar transactions without supporting documents (underlying), has reduced the average daily forex transaction volume by US$9 million.
BI currently limits foreign currency purchases without an underlying document to a maximum of US$25,000 per person per month.
“During the first stage, when we lowered the threshold from US$100,000 to US$50,000, it reduced the average daily foreign exchange transactions by US$16 million. In the second stage, from US$50,000 to US$25,000, it reduced the daily average by US$9 million,” BI Deputy Governor Thomas Djiwandono said during a press conference following the BI Board of Governors Meeting in Jakarta on Thursday.
New US$10,000 Forex Purchase Limit Starts July 1
As the next step, BI will lower the limit for foreign currency purchases against the rupiah without underlying documents to a maximum of US$10,000 per person per month.
The new rule will take effect on July 1, 2026, and is expected to increase the share of foreign exchange transactions supported by documents or clear transaction purposes.
“We project that lowering the threshold to US$10,000, effective July 1, 2026, will increase transactions backed by underlying documents to 98.1 percent of total forex transactions,” Thomas said.
BI Governor Perry Warjiyo said the policy is part of the central bank’s efforts to strengthen prudential principles in the financial market while maintaining rupiah exchange rate stability.
He added that tighter rules aim to improve the quality of forex transactions, ensuring they better reflect real economic needs and reduce speculative activities.
Read: Did Bank Indonesia Rate Hikes Attract Foreign Inflows?
Click here to get the latest news updates from Tempo on Google News
Foreign Capital Totals Rp45.92 Trillion Into Indonesia, BI Says
6 hari lalu
BI also recorded the rupiah closing at the level of Rp 17,865-Rp 17,875 per US dollar (AS) or strengthening by 0.84 percent compared to the previous week.
Bank Indonesia Begins Weekly Yield Curve Release to Boost Transparency
10 hari lalu
The yield curve published by Bank Indonesia reflects the actual price conditions formed in the secondary market.
Indonesia's Primary Money Growth Slows to 14.2 Percent in May
10 hari lalu
The growth of primary money is driven in part by the increase in commercial bank deposits at Bank Indonesia, which grew by 17.4 percent annually.
Indonesia's Foreign Exchange Reserves Fall US$1.3 Billion as Rupiah Weakens
10 hari lalu
Bank Indonesia reported that the country's foreign exchange reserves at the end of May 2026 were recorded at US$ 144.9 billion or equivalent to Rp 2,630 trillion (at an exchange rate of Rp 18,160 per US dollar). This position decreased by US$ 1.3 billion from US$ 146.2 billion at the end of April.
What Action Does BI Take as Rupiah Nears Rp18,000 per Dollar?
15 hari lalu
Bank Indonesia speaks up about the rupiah exchange rate approaching Rp 18,000 per US dollar.
BI Raises Interest Rate to 5.25% to Boost Rupiah Appeal
24 hari lalu
The BI-Rate was raised to 5.25% to make rupiah assets more attractive to investors and encourage capital inflows into domestic markets.
Lawmaker Suggests BI Governor Resign Over Rupiah Fall
31 hari lalu
PAN politician urges Bank Indonesia Governor Perry Warjiyo to step down from his position as the rupiah continues to weaken, reaching record lows.
BI Remains Optimistic Over Rupiah Rebound Despite Pressure
36 hari lalu
In addition to currency market intervention, BI is implementing six policy measures to support rupiah stability.
Rupiah at 17,500: How Will Purbaya Assist Bank Indonesia?
37 hari lalu
Finance Minister Purbaya Yudhi Sadewa announces bond market interventions to support Bank Indonesia as the rupiah hits Rp17,500 per US dollar.
Will BI Slash Monthly Dollar Purchase Limit to $25,000?
43 hari lalu
BI Tightens Foreign Exchange Purchases, Rupiah Stability Efforts
