Indonesia: Foreign currency ban in domestic cash transactions

Announcement

28 Jun 2012

In June 2012, the government of Indonesia announced a change in foreign exchange usage.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

28 Jun 2012

Revocation date:

No revocation date

Updated: 28 Jun 2012

Control on personal transactions In force

<div> <p> 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 (...

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