{
    "success": true,
    "data": {
        "id": 1720513,
        "msgid": "bi-cuts-limit-for-purchasing-us-dollars-without-underlying-to-25-000-1778194564",
        "date": "2026-05-06 08:07:17",
        "title": "BI Cuts Limit for Purchasing US Dollars Without Underlying to $25,000",
        "author": "Erlangga Djumena",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Regulation",
        "summary": "Bank Indonesia (BI) is reducing the limit for purchasing US dollars without supporting documentation to $25,000 per person per month, down from $50,000, as part of seven measures to bolster the rupiah's stability amid global and seasonal pressures. This policy aims to curb excessive foreign exchange demand influenced by rising global oil prices, high US interest rates, and domestic factors like dividend repatriation and Hajj pilgrim payments. BI is also promoting local currency usage, such as the rupiah with the Chinese yuan, and enhancing oversight to maintain financial stability, while affirming the rupiah remains undervalued due to strong domestic fundamentals.",
        "content": "<p>JAKARTA, KOMPAS.com - Bank Indonesia (BI) will further reduce the\nlimit for purchasing US dollars without underlying to $25,000 US per\nperson per month.<\/p>\n<p>BI Governor Perry Warjiyo stated that the central bank had previously\nlowered the limit for purchasing US dollars without underlying from\n$100,000 to $50,000 per person per month as of 1 April 2026.<\/p>\n<p>Subsequently, BI will reduce the domestic US dollar purchase limit to\n$25,000 per person.<\/p>\n<p>With this change, transactions for purchasing foreign exchange\n(forex) above $25,000 will still be possible in the future, but must be\naccompanied by supporting documents indicating the purpose of the\ntransaction or the need for the purchase.<\/p>\n<p>Perry said this policy is one of seven measures by BI to strengthen\nthe stability of the rupiah exchange rate, which is under pressure due\nto global and seasonal factors.<\/p>\n<p>The short-term global factors pressuring the rupiah stem from rising\nworld oil prices, high increases in the US benchmark interest rate, the\nyield on 10-year US Treasuries now at 4.47 percent, and the\nstrengthening US dollar.<\/p>\n<p>Meanwhile, for seasonal domestic factors, from April to June this\nyear, domestic demand for US dollars is significantly increasing due to\nneeds for dividend repatriation payments, debt payments, and Hajj\npilgrims.<\/p>\n<p>In addition to tightening US dollar purchases in the domestic market,\nBI is also striving to increase the use of local currencies,\nparticularly between the rupiah and the Chinese currency.<\/p>\n<p>The use of such a scheme is considered capable of reducing dependence\non the US dollar.<\/p>\n<p>\u201cThe Chinese yuan with the rupiah has already developed domestically\nbecause our local currency with the Chinese yuan and the rupiah is very\nhigh, and now a domestic market is starting to form. This reduces or\ndiversifies from the US dollar, thereby strengthening the rupiah,\u201d he\nexplained.<\/p>\n<p>From the supervision side, BI is increasing monitoring of banking\nactivities and corporations that have large forex purchase needs.<\/p>\n<p>This step is carried out through close coordination with the\nFinancial Services Authority to ensure financial system stability\nremains maintained.<\/p>\n<p>Perry emphasised that although the rupiah is currently facing\nshort-term pressure, fundamentally the exchange rate is still\nundervalued. This is supported by solid domestic economic performance,\nincluding high economic growth, controlled inflation, and strong\nfinancial sector resilience.<\/p>\n<p>\u201cThe current exchange rate is undervalued, and going forward we are\nconfident it will stabilise and strengthen. Why undervalued? Our\nfundamentals are strong,\u201d he stated.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bi-cuts-limit-for-purchasing-us-dollars-without-underlying-to-25-000-1778194564",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}