TEMPO.CO, Jakarta - Bank Indonesia (BI) has reduced the limit for purchasing US dollars in the domestic market without underlying documents from US$100,000 to US$50,000 per person per month. The policy was announced by BI Governor Perry Warjiyo after a meeting with President Prabowo Subianto and the Financial System Stability Committee at the Istana Merdeka on Tuesday, May 5, 2026.
This step is part of efforts to stabilize the rupiah exchange rate amid global pressures. The limit reduction was implemented through coordination with the KSSK.
Perry explained that the restriction aims to curb speculative activities in the domestic foreign exchange market. Bank Indonesia also plans to tighten the regulation further to strengthen the rupiah’s sovereignty.
“We are preparing to reduce it further to US$25,000. So, purchases of US dollars above US$25,000 must be supported by underlying documents,” Perry said, as reported by Antara.
Underlying documents refer to transaction-supporting evidence, such as import documents or service payments, indicating that dollar purchases are based on real economic needs rather than speculation.
To ensure the effectiveness of the policy, the central bank is also increasing supervision of corporations and banks. BI regularly monitors banks with high volumes of dollar purchases.
In its implementation, BI coordinates with the Financial Services Authority to maintain the stability of the national financial system. Supervisors are deployed directly to relevant institutions to ensure compliance with the transaction limits.
Furthermore, Perry emphasized that stronger supervision is crucial to prevent exchange rate volatility driven by demand not rooted in real economic activity.
At the close of trading on Tuesday, the rupiah weakened by 30 points, or 0.17 percent, to 17,424 per US dollar, compared to 17,394 per US dollar previously.
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