Bank Indonesia to Cut Threshold for Dollar Purchases Without Documentation to US$10,000 Starting 1 July

Bank Indonesia (BI) has officially tightened rules on cash foreign exchange purchases by lowering the transaction threshold that does not require supporting documents or an underlying transaction. The new policy will take effect on 1 July 2026 and is part of efforts to strengthen prudential principles in the domestic foreign exchange market.

Under the new regulation, the limit for purchasing foreign currency cash without supporting documents, previously set at US$25,000 per person per month, is reduced to US$10,000 per person per month. This means individuals or businesses wishing to buy foreign currency cash above that limit must provide supporting documents in accordance with applicable provisions.

The policy was announced directly by Bank Indonesia Governor Perry Warjiyo following the Board of Governors Meeting for June 2026. According to Perry, the measure is part of BI’s strategy to deepen the Money Market and Foreign Exchange Market (PUVA) to make it more efficient, advanced, and prudent.

Perry explained that the adjustment of the threshold for purchasing foreign exchange without underlying documents is intended to reinforce prudential principles in domestic foreign exchange transactions. The policy is also directed at supporting the effectiveness of monetary policy while maintaining rupiah exchange rate stability. He noted that a healthy money and foreign exchange market requires stronger governance so that all transactions can proceed transparently and have a clear basis of need.

“Strengthening prudential principles in PUVA through the implementation of lowering the threshold for cash purchases of foreign exchange against the rupiah without underlying to US$10,000 per transactor per month, effective 1 July 2026,” Perry stated during an online press conference following the BI Board of Governors Meeting.

With the new rule, large purchases of US dollars or other foreign currencies can no longer be made without a reason or documents supporting the transaction need. Bank Indonesia has confirmed the new rule will be effective starting 1 July 2026. After that date, any cash purchase of foreign exchange exceeding US$10,000 per month must be accompanied by supporting documents or an underlying transaction.