March 17, 2026 | 04:28 pm
TEMPO.CO, Jakarta - The Governor of Bank Indonesia (BI), Perry Warjiyo, announced that the institution will implement several adjustments to the foreign exchange (forex) transaction policy. The adjustments, effective from April 2026, aim to stabilize the value of the rupiah.
BI noted that on March 16, 2026, the exchange rate of the rupiah was at Rp16,985 per U.S. dollar, a 1.29 percent depreciation compared to the end of February 2026.
First, BI is adjusting the limits on cash foreign exchange transactions against the rupiah. "By adjusting the cash purchase threshold for forex against the rupiah from US$100,000 per party per month to US$50,000 per party per month," said Perry in a press conference on Tuesday, March 17, 2026.
BI is also increasing the threshold for selling Domestic Non-Deliverable Forward (DNDF)/Forward from US$5 million to US$ 10 million per transaction. Furthermore, the threshold for buying and selling swaps is raised from US$5 million to US$10 million per transaction.
In addition to foreign exchange transactions, BI is strengthening the regulations on Foreign Exchange Transaction Reports (LLD). Perry stated that there will be an adjustment in the obligation to provide supporting documents for outgoing foreign exchange fund transfers, from US$100,000 to US$50,000.
BI Deputy Governor Thomas Djiwandono added that the reduction in the threshold for purchasing foreign currency aims to reinforce the purpose of cash transactions. "So that transactions are based on real needs or underlying and not speculative in nature," said Thomas.
Meanwhile, Thomas said the increased threshold for DNDF and forward transactions aims to give market participants more flexibility to provide liquidity in the domestic foreign exchange derivative market. He stated that BI is offering a one-month transition period to ensure the policy is implemented smoothly.
Read: Bank Indonesia Holds Benchmark Interest Rate at 4.75%
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