The Bank Indonesia Regulation (Peraturan Bank Indonesia – PBI) No. 17/3/PBI/2015 on Mandatory Rupiah Transaction in the Territory of the Republic of Indonesia is a follow-up to the Law on Bank Indonesia (BI) and the obligation to use the Rupiah as stipulated in Law No. 7/2011 on Currency. The mandatory Rupiah policy applies to both cash and noncash transactions. The new policy also requires prices of goods and services in Indonesia to be specified only in Rupiah.To subscribe please click here
