TEMPO.CO, Jakarta - Bank Indonesia (BI) will tighten the purchase of foreign currency without underlying documents, reducing the limit from US$25,000 per person per month to US$10,000. This policy is one of BI's efforts to stabilize the rupiah's exchange rate.
"Strengthening the principle of caution in the money market and foreign exchange market through the implementation of a reduction in the threshold for the purchase of foreign exchange cash against the rupiah without any underlying to US$10,000 per person per month," said BI Governor Perry Warjiyo in a press conference at the monthly board of governors meeting on Thursday, June 18, 2026. This policy will take effect on July 1, 2026.
According to BI Deputy Governor Thomas Djiwandono, since BI tightened the threshold for purchasing foreign exchange without underlying from US$100,000 to US$50,000, the average daily transactions decreased by US$16 million. When the threshold was further tightened to US$25,000, the daily average decreased by US$9 million. With this latest policy, Thomas said, BI projects that the number of transactions with underlying will increase to 98.1 percent of the total foreign exchange transactions.
BI Senior Deputy Governor Destry Damayanti added that the institution will monitor banks' compliance with the regulations. This is done to uphold the governance of banks in line with BI's policies.
Destry emphasized that BI does not limit the purchase of dollars. "We do not limit, if there is a need and there is underlying, of course, BI will support it because it will be needed for our economy, for foreign exchange liquidity domestically," she said.
Read: Bank Indonesia Hikes Rate Again to 5.75 pct to Save Rupiah
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