Bank Indonesia has clarified that new forex transaction rules do not cap cash US dollar purchases at US$50,000 per actor per month, but lower the threshold for requiring underlying documents from US$100,000 to US$50,000. The policy takes effect from April 1, 2026, to support rupiah stability.
Bank Indonesia (BI) announced adjustments to forex market transaction policies to support rupiah exchange rate stability. On March 17, 2026, BI Governor Perry Warjiyo stated that the threshold for cash forex purchases against the rupiah would be lowered from US$100,000 to US$50,000 per actor per month, effective from April 1, 2026, with a transition period until April 30, 2026. The changes also include raising the Domestic Non-Deliverable Forward (DNDF) sell limit from US$5 million to US$10 million per transaction, and swap buy and sell limits from US$5 million to US$10 million per transaction. Additionally, BI is strengthening Lalu Lintas Devisa (LLD) reporting by lowering the threshold for supporting documents on outgoing foreign exchange transfers from US$100,000 to US$50,000. These measures respond to worsening global conditions from the Middle East war, with the rupiah weakening to Rp16,985 per US dollar on March 16, 2026, down 1.29 percent point-to-point from end-February 2026. On March 18, 2026, BI Communications Department Head Ramdan Denny Prakoso clarified media reports, stating it is not a restriction but a documentation requirement for transactions above US$50,000. “Jadi, untuk meluruskan pemberitaan, tidak benar kalau BI akan membatasi pembelian tunai USD menjadi maksimal USD 50 ribu per pelaku per bulan. Penyesuaian yg akan dilakukan adalah, untuk pembelian tunai di atas USD 50ribu, tetap dapat dilakukan tetapi harus menyertakan dokumen underlying,” said Denny. The policy is adaptive in line with global and domestic economic developments.
