Foreign Exchange Controls

The MOF and Bank Indonesia (the central bank) are responsible for the banking system, and foreign exchange regulations.

Indonesia has no foreign exchange controls and foreign investors may freely transfer funds to and from abroad, although certain reporting requirements exist with respect to certain transfers. However, there are restrictions on the transfer of Rupiah overseas.

All major currencies are freely convertible into Rupiah, and deposit accounts can be maintained in foreign currencies.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s