BI Tightens Underlying Requirement for Dollar Purchases to US$10,000

Jakarta - Bank Indonesia (BI) is again lowering the threshold for cash purchases of foreign currency without collateral or underlying to US$10,000 per month. This policy will take effect on 1 July 2026. Previously, BI had reduced the dollar purchase threshold to US$25,000 per person per month. Now it becomes US$10,000 per person per month. Bank Indonesia Governor Perry Warjiyo stated that the move is part of efforts to strengthen the Money Market and Foreign Exchange Market (PUVA) deepening policy to make it more advanced, efficient, and prudent, in order to attract foreign investment and enhance the effectiveness of monetary policy, including stabilising the rupiah exchange rate. “Strengthening prudential principles in PUVA through the implementation of lowering the threshold for cash purchases of foreign currency against the rupiah without underlying to USD10,000 per participant per month, effective 1 July 2026,” Perry said during an online BI Board of Governors Meeting press conference on Thursday (18/6/2026). Perry confirmed that this policy will effectively commence on 1 July 2026, alongside the strengthening of prudential principles in foreign exchange traffic reporting through adjusting the threshold for supporting documentation requirements for outward fund transfers in foreign currency from a nominal equivalent of US$50,000 to US$25,000. Meanwhile, BI Deputy Thomas Djiwandono said the new threshold policy is projected to increase purchases of US dollars with underlying. “We project that with the new threshold of US$10,000 effective 1 July, it will increase underlying transactions to 98.1% of total forex transactions,” Thomas added during the press conference.