Bank Indonesia: Maximum US Dollar Purchase Limit to be Reduced to $25,000 from June 2026

Bank Indonesia (BI) has announced that the limit for US dollar purchases without underlying documents (supporting documentation) will be tightened to a maximum of $2_5,000 per participant per month, effective from June 2026, to bolster the stability of the rupiah exchange rate.

“The dollar purchase limit, which was reduced from $100,000 to $50,000 starting in April, will subsequently be lowered to $25,000 starting in June,” stated BI Governor Perry Warjiyo during a working meeting with Commission XI of the Indonesian House of Representatives (DPR RI) in Jakarta on Monday.

This policy represents a strengthening of foreign exchange market transaction regulations that have been in effect since April 2026, through the adjustment of the threshold for purchasing foreign exchange without underlying documents from the previous $100,000 to $50,000 per participant per month.

Perry emphasised that while dollar purchases without underlying documents remain permitted, the reduction in the limit is intended to ensure that foreign exchange purchases are genuinely based on real requirements. He revealed that the average proportion of dollar purchases without underlying documents fell to 6.5 per cent following the policy to reduce the limit to $50,000 in April 2026, down from 10.8 per cent during the January-March 2026 period. Once the limit is further reduced to $25,000 in June 2026, the average proportion of such purchases is projected to drop to approximately 3.5 per cent.

In response to the ongoing depreciation of the rupiah, particularly since the escalation of conflict in the Middle East in February 2026, BI is strengthening the implementation of monetary policies through seven key steps, including tightening the limits on dollar purchases without underlying documents. These efforts also include increasing the intensity of rupiah exchange rate stabilisation against global volatility through large-scale foreign exchange interventions in both domestic and international markets, supported by adequate foreign exchange reserves.

BI is also reinforcing the interest rate structure of monetary instruments by maintaining the BI-Rate at 4.75 per cent since January 2025 and raising the yield of 12-month Bank Indonesia Rupiah Securities (SRBI) to 6.41 per cent to attract foreign capital inflows and maintain rupiah and inflation stability. Furthermore, the purchase of Government Securities (SBN) in the secondary market continues to be conducted to maintain liquidity, strengthen rupiah stability, and support fiscal-monetary coordination, with realised purchases reaching IDR 133.39 trillion from the beginning of the year to May 2026, compared to IDR 332.14 trillion throughout 2025.

Liquidity adequacy in the money and banking markets is also being maintained through double-digit growth in primary money (M0), which increased from 11.8 per cent in March 2026 to 14.1 per cent at the end of April 2026, in line with fiscal and monetary coordination. Additionally, the acceleration of foreign exchange market deepening is being pursued to support rupiah stability through the expansion of Yuan and Rupiah transactions under the Local Currency Transaction (LCT) scheme, as well as strengthening offshore non-deliverable forward (NDF) sell interventions through the appointment of main dealers. Finally, the central bank is increasing supervision of banks and corporations conducting large-scale dollar purchases.