Stricter Forex Limits Set: Monthly Spot Purchases over US$ 10,000 Now Mandate Underlying Transaction Document Verification

Bank Indonesia (“BI”) has issued Regulation of the Bank Indonesia Board of Governors No. 15 of 2026 on the Third Amendment to Regulation No. 11 of 2024 (“Regulation 11/2024”) on Foreign Exchange Market Transactions (“Third Amendment”). This new regulatory framework specifically amends Regulation 11/2024 in an effort to safeguard the rupiah currency from ongoing global and domestic economic pressures.[1] As a consequence, banking institutions and market participants are required to urgently adjust their compliance protocols for spot purchases of foreign currency against the rupiah.[2]