pc
nid 93485
Jun 25, 2026
pthandapani@vixio.com
Indonesia
Bank Indonesia
financial services
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1831 charsIndonesia's Bank Indonesia Amends Foreign Exchange Monitoring Rules for Outbound Transfers
On June 18, 2026, Bank Indonesia published Regulation of Governing Board Members Number 13 of 2026, amending its foreign exchange monitoring framework. The regulation modifies the fourth amendment to Regulation of Governing Board Members Number 21/28/PADG/2019 concerning monitoring of foreign exchange activities by banks and customers.
The regulation lowers the documentation threshold for outbound foreign currency transfers. Previously, banks were required to obtain supporting documents for transfers exceeding USD50,000. Under the new rules, this threshold decreases to USD25,000, effective July 1, 2026. The amendment aims to strengthen monitoring of foreign exchange activities to ensure transactions reflect genuine economic activity and minimise speculative behaviour.
Bank Indonesia, operating under Law Number 24 of 1999 on Foreign Exchange and Exchange Rate Systems, requires this enhanced monitoring to formulate monetary policy, support payment system oversight, and maintain financial system stability. The data collected also supports compilation of balance of payments statistics, international investment position statistics, and other economic indicators.
The regulation establishes a transitional arrangement for outbound transfers valued between USD25,000 and USD50,000 conducted between July 1, 2026 and July 31, 2026, during which banks must comply with the new supporting documentation requirements. The regulation becomes effective on July 1, 2026. Supporting documentation requirements apply to all outbound foreign currency transfers exceeding the new USD25,000 threshold from this date forward.
REFERENCES:
Bank Indonesia. Peraturan Anggota Dewan Gubernur Nomor 13 Tahun 2026. Available at: https://www.bi.go.id/en/publikasi/peraturan/Pages/Peraturan-Anggota-Dewan-Gubernur-Nomor-13-Tahun-2026.aspx
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1530 charsBank Indonesia Amends Foreign Exchange Monitoring Rules for Outbound Transfers
Bank Indonesia has issued Regulation No. 13 of 2026, marking the fourth amendment to the Regulation of the Members of the Board of Governors (PADG) No. 21/28/PADG/2019 concerning the Monitoring of Foreign Exchange Traffic Activities of Banks and Customers.
The amended regulation contains:
Revised thresholds for mandatory documentation, requiring customers to provide underlying supporting documents for outgoing foreign exchange fund transfers with a value exceeding US$ 25,000 (previously US$50,000).
Specific rules mandating that banks must ensure the completeness of these supporting documents before accepting and processing the fund transfer orders.
Provisions outlining acceptable forms of supporting documentation, which include invoices for goods and services, loan contracts indicating interest or principal obligations, agreements for royalty payments, general meeting of shareholders (GMS) documents showing dividend obligations, and employment contracts.
Administrative measures establishing a transition period, allowing transfers between US$ 25,000 and US$ 50,000 conducted from July 1 to July 31, 2026, to be supported by a simple letter stating the date, amount, and reason, with full documentation required to be completed by October 31, 2026.
Directives exempting certain transactions from this documentation requirement, specifically those conducted by a bank for its own interests or transfers made by the same customer between their own domestic accounts.
The regulation takes effect on July 1, 2026.