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Indonesia: Foreign currency ban in domestic transactions

Description

On 31 March 2015, the Indonesian Central Bank announced regulation 17/3/PBI/2015 banning the use of foreign currency in domestic transactions. The bank hopes this will increase the use of the Indones...

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Intervention Details

Intervention Type

Control on personal transactions

MAST Chapter

Capital control measures

Implementation date

01 Jul 2015

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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