May 22, 2026 | 11:18 am
TEMPO.CO, Jakarta - Bank Indonesia (BI) will tighten the rules for foreign exchange purchases without underlying documents to US$25,000 per month starting early June. According to this policy, all purchases of foreign exchange exceeding US$25,000 require supporting documents."I want to convey here that this policy will be implemented in early June this year, meaning next month, with a one-month transition period, taking into account the adjustment time for both Bank Indonesia and the banking system," said Deputy Governor Thomas Djiwandono during a press conference following the BI Board of Governors' Meeting on Wednesday, May 20, 2026.Previously, BI had tightened the purchase of foreign exchange without underlying documents from US$100,000 to US$50,000. According to Thomas, this policy has impacted the reduction of foreign exchange transactions.The former Deputy Finance Minister stated that from April to May 2026, the average daily foreign exchange transactions decreased to US$62 million per day from the previous US$78 million in the first quarter. "This means we expect this trend to continue for the next policy," he said.Tightening the purchase of dollars is one of BI's efforts to stabilize the rupiah exchange rate. BI has also raised the benchmark interest rate or BI-Rate to 5.25 percent.Meanwhile, on Friday morning, May 22, 2026, the rupiah exchange rate against the US dollar weakened by 10 points, or 0.06 percent, to Rp17,677 per US dollar. The rupiah exchange rate was at 17,667 per US dollar yesterday.Read: Bank Indonesia Expands Natural Resource DHE Placement in Banks Beyond USDClick here to get the latest news updates from Tempo on Google News
