Indonesian Political, Business & Finance News

Rupiah travel limit raised

| Source: JP

Rupiah travel limit raised

JAKARTA (JP): The government has raised the limit on the
amount of rupiah travelers may carry with them when leaving and
entering the country to Rp 5 million (US$526), up from the
unrealistic amount of Rp 50,000.

The new government regulation, which took effect last Monday,
stipulates that travelers who wish to carry more than Rp 5
million only need to submit a form at the central bank, Bank
Indonesia.

Those wishing to carry more than Rp 10 million, however, must
first obtain a permit from the central bank's foreign affairs
division.

Violators of the regulation are subject to an administrative
fine of Rp 10 million for carrying more than Rp 5 million and Rp
1 billion for carrying more than Rp 10 million.

The government set the previous Rp 50,000 limit in 1981. (das)

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