Indonesia Tightens FX Purchase Rules After Rupiah Hits Record Low

Jakarta, 6 May 2026 – Indonesia is tightening rules on foreign currency purchases after the rupiah fell to a fresh record low against the US dollar, highlighting renewed pressure on Asian currencies as higher oil prices, geopolitical risk and dollar demand weigh on emerging markets.

Bank Indonesia is preparing to lower the threshold for foreign currency cash purchases without supporting documents to US$25,000 per person per month, from the current US$50,000 limit. Any purchase above the new threshold will require underlying documentation, as authorities seek to curb speculative dollar demand and stabilise the rupiah.