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Indonesia Tightens Rule on FX Purchases After Rupiah Hit New Record Low
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Indonesia Tightens Rule on FX Purchases After Rupiah Hit New Record Low

Bloomberg.com·Grace Sihombing, Prima Wirayani·27 days ago
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Indonesia tightened rules on dollar purchases to defend the rupiah after it weakened to an all-time low.

Cash purchases of foreign currency without supporting documents will be limited to $25,000, down from an earlier cap of $50,000, to support rupiah stabilization measures, Bank Indonesia Governor Perry Warjiyo said at a briefing in Jakarta late Tuesday.

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