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Indonesia: Foreign currency ban in domestic cash transactions

Description

 On 28 June 2011, the Indonesian president signed law Nr. 7/2011 on currencies, requiring cash transactions within Indonesia to be conducted only in the local currency (art. 21(1) of the law). The ba...

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Intervention Details

Intervention Type

Control on personal transactions

MAST Chapter

Capital control measures

Implementation date

28 Jun 2012

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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