Global Trade Alert
Global Trade Alert

Indonesia: Foreign currency ban in domestic transactions

Announcement

31 Mar 2015

In March 2015, the government of Indonesia announced a change in the private sector requirements to balance imports and exports.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

01 Jul 2015

Revocation date:

No revocation date

Control on personal transactions In force

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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