Bank Indonesia Caps Dollar Purchases Without Underlying at US$10,000

Bank Indonesia (BI) is again lowering the limit for cash purchases of foreign currency against the rupiah without an underlying transaction, setting the new maximum at US$10,000 per entity per month. The policy will take effect on 1 July 2026.

“We are doing this to enforce governance of existing regulations. Purchases of dollars, especially above US$10,000, must have an underlying,” said BI Deputy Governor Destry Damayanti during a press conference on Thursday (18/6/2026).

Previously, BI had reduced the threshold for dollar purchases to US$25,000 per person per month. The latest cut is intended to strengthen the Money Market and Foreign Exchange Market Deepening policy (PUVA), making it more advanced, efficient, and prudent to attract foreign investment and enhance monetary policy effectiveness, including rupiah exchange rate stabilisation.

Destry stated that the central bank will ensure banks implement this rule. “An underlying cannot be used multiple times. We are conducting direct supervision of banks. Those with poor governance will be warned, because this applies in all countries,” she explained.

In addition, BI is adjusting the threshold for supporting documents required for outgoing foreign currency transfers, lowering the equivalent nominal value from above US$50,000 to above US$25,000, also effective 1 July 2026. “We are not restricting; if there is a genuine need and an underlying, we will support it,” she concluded.