Rupiah Protection Measures Intensified: Cash-Based Foreign Exchange Purchase Threshold Slashed to US$ 25,000

In 2024, Bank Indonesia (“BI”)’s Board of Governors introduced Regulation No. 11 of 2024 on Foreign Exchange Market Transactions, which was subsequently amended by Regulation of the BI Board of Governors No. 7 of 2026 (collectively referred to as “Regulation 11/2024”). However, in an effort to strengthen the rupiah exchange rate in response to ongoing global pressures, the Indonesian Government has now decided to issue Regulation No. 11 of 2026 on the Second Amendment (“Second Amendment”) to Regulation 11/2024.[1]