Tomorrow, July 1, 2015, the mandatory Rupiah transaction is applied to both cash and non cash transactions. The new policy also requires prices of goods and services in Indonesia to be specified only in Rupiah. This policy is set on the Bank Indonesia Regulation (Peraturan Bank Indonesia – PBI) No.17/3/PBI/2015, as 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.To subscribe please click here