{
    "success": true,
    "data": {
        "id": 1694980,
        "msgid": "bi-tightens-dollar-purchases-transactions-drop-to-rp1-02-trillion-per-day-1776905464",
        "date": "2026-04-23 07:25:39",
        "title": "BI Tightens Dollar Purchases, Transactions Drop to Rp1.02 Trillion per Day",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Regulation",
        "summary": "Bank Indonesia (BI) has implemented new policies to bolster rupiah stability, including halving the cash foreign exchange purchase limit to US$50,000 per person per month and raising DNDF and swap transaction thresholds to US$10 million. These measures have already reduced average daily spot customer transactions from US$78 million to US$60 million since 17 April 2026, with banks reporting smooth transitions. BI Governor Perry Warjiyo is confident that the policies will enhance the underlying basis of spot transactions, rising from 89.2% to 93.5%, thereby supporting a healthier and more efficient domestic foreign exchange market.",
        "content": "<p>Bank Indonesia (BI) has issued a new policy to support rupiah\nexchange rate stability by lowering the limit on US dollar purchases,\neffective from April 2026. Cash foreign exchange transactions,\nparticularly US dollars, are now capped at US$50,000 per person per\nmonth, down from the previous US$100,000 per person per month. The new\npolicy has already shown short-term results. \u201cSince 17 April 2026, there\nhas been a decline in the average daily spot customer transactions from\nUS$78 million to US$60 million,\u201d said BI Deputy Governor Thomas\nDjiwandono during the announcement of the Bank Indonesia Board of\nGovernors Meeting, quoted on Thursday (23\/4\/2026). Thomas also stated\nthat during the one-month transition period for the policy, reporting\nand transaction submissions at banks have faced no obstacles so far.\n\u201cRegarding the readiness of the banks, as there is a one-month\ntransition for reporting and document submission, up to now the banks\nare prepared and there are no issues there,\u201d he said. In addition to the\nnew foreign exchange conversion threshold rules, BI has also increased\nthe Domestic Non-Deliverable Forward (DNDF) and swap sales threshold\nfrom US$5 million per transaction to US$10 million per transaction.\nAccording to Thomas, this policy includes several requirements that\nprimary dealers must meet for DNDF and swap conversions. First, primary\ndealers must apply to BI for an exemption from the NDF ban. Second,\ndealers must commit to not conducting NDF sales of foreign exchange\nagainst the rupiah with overseas affiliated banks, only using DNDF\ntransactions when covering NDF sales of foreign exchange against the\nrupiah, having a credit support annex agreement or support agreement\nwith at least six domestic banks, and submitting reports to BI.\n\u201cFulfilment of these commitments for 3 months, and after 3 months it\nwill be reviewed by BI,\u201d he said. BI Governor Perry Warjiyo is confident\nthat this policy can suppress spot foreign exchange transactions,\nthereby supporting rupiah exchange rate stability. \u201cWe are confident\nthat going forward it will be even more effective so that spot purchase\ntransactions must have an underlying. I can add that the underlying,\nwhich was previously 89.2%, is now 93.5% of spot transactions with\nunderlying,\u201d he said during the BI RDG announcement. This policy was\nformulated by considering exchange rate movements and foreign exchange\ntransaction patterns in the domestic market, to maintain rupiah exchange\nrate stability and ensure that the dynamics of the domestic foreign\nexchange market continue to operate in a healthy and efficient manner.\nHistorically, BI has made several adjustments to foreign exchange\ntransaction thresholds in line with developments in global and domestic\neconomic conditions. Changes in thresholds over time are part of\nadaptive policies to respond to economic and financial market dynamics,\nboth globally and domestically.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bi-tightens-dollar-purchases-transactions-drop-to-rp1-02-trillion-per-day-1776905464",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}