
BI Sets New Limit on Foreign Banknotes Ownership
In accordance with Bank Indonesia Regulation Number 20/2/PBI/2018 on Amendment to Bank Indonesia Regulation Number 19/7/PBI/2017 on Carrying Foreign Banknotes to/from Indonesian Customs Territory, Indonesias central bank Bank Indonesia on Monday (3/9) will start imposing fine on any institutions or individuals that carry foreign banknotes equal to Rp1 Billion or more. “The amount of fines […]