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Kuwait Customs Thwart Gold Smuggling Attempts by Two Indian Travelers! | July Cargo Volume at Port of Los Angeles Hits Second-Highest Record! | Philippines Floods Hit Farmers as Monsoon Rains Continue! | Riyadh Police Apprehend Driver Following Stolen Vehicle Incident! |

Indonesia to Tighten FX Rules to Support Rupiah

Indonesia to Tighten FX Rules to Support Rupiah

Post by : Shakul

Bank Indonesia has announced new foreign exchange (FX) measures to stabilize the rupiah, which has come under pressure due to global economic uncertainty and rising geopolitical tensions.

Governor Perry Warjiyo said the central bank will reduce the monthly cap on FX purchases from $100,000 to $50,000 per customer starting April 2026. The move is aimed at limiting excessive dollar demand and supporting the domestic currency.

At the same time, Bank Indonesia will expand its monetary tools by increasing limits on Domestic Non-Deliverable Forward (DNDF) and swap transactions to $10 million per deal. It will also tighten reporting requirements for overseas transfers, lowering the threshold for mandatory documentation.

The rupiah has weakened to around Rp 16,985 per US dollar, reflecting broader pressure on emerging market currencies amid Middle East conflicts and a stronger US dollar. Despite this, Indonesia maintains strong foreign exchange reserves, ensuring stability and resilience in the financial system.

March 18, 2026 2:12 p.m. 521

#world news #Global News #Business News #Politics

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