TEMPO.CO, Jakarta - Bank Indonesia (BI) is set to tighten its policy on foreign exchange by lowering the purchase limit for US dollars to $25,000 per person per month.
"We are prepared to lower the threshold further to $25,000, so that any dollar purchases exceeding $25,000 must be supported by an underlying transaction," BI Governor Perry Warjiyo stated during a press conference at the Presidential Palace on Tuesday, May 5, 2026, as monitored via the Presidential Secretariat’s YouTube channel.
The central bank recently reduced the limit for dollar purchases without underlying documentation to $50,000 per month, down from the previous cap of $100,000.
This stricter cap is among seven strategic measures adopted by BI to stabilize the rupiah’s exchange rate. Perry noted that these steps have received the formal approval of President Prabowo Subianto.
BI has already observed a decline in US dollar spot transactions following the initial tightening of foreign exchange rules. BI Deputy Governor Thomas Djiwandono reported that, as of April 17, 2026, the daily average of customer spot transactions decreased from $78 million to $60 million.
"Regarding the readiness of the banking sector, following a one-month transition for reporting and document submission, the banks are prepared and have encountered no issues," he said during a press conference following the BI Board of Governors Meeting held virtually on Wednesday, April 22, 2026.
Governor Perry Warjiyo further noted that the use of underlying documents for spot transactions has risen to 93.5 percent from 89.2 percent. He highlighted that despite the policy being in effect for a short period, it has already yielded tangible, positive results.
Read: Why Did Bank Indonesia Cut Dollar Purchase Limit to US$50,000?
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