JAKARTA, May 23 (Xinhua) -- Bank Indonesia will lower the threshold for foreign exchange purchases without supporting documents from 50,000 U.S. dollars to 25,000 dollars per transaction starting in June 2026, as part of efforts to curb speculative activity and ease pressure on the rupiah.
Ruth Cussoy, director of Bank Indonesia's Financial Market Development Department, said the move follows an earlier policy that reduced the threshold from 100,000 dollars to 50,000 dollars.
"Starting in June, we will lower it again to 25,000 dollars," Ruth told reporters on Friday.
According to Bank Indonesia, average daily foreign exchange transactions conducted without underlying documents declined from around 78 million dollars to approximately 62 million dollars after the previous threshold was lowered to 50,000 dollars.
The central bank emphasized that foreign exchange purchases for legitimate purposes, including imports, education and business activities, will remain permitted, adding that the policy is aimed at limiting speculative transactions rather than restricting real economic demand. ■
