Below is a list with tagged columns and company profiles.

Today's Headlines Currencies

  • How Much Money Can I Carry when Traveling to Indonesia?

    How Much Money Can I Carry when Traveling to Indonesia?

    Starting from March 5, 2018, Indonesian citizens as well as foreigners need to be a bit more careful when bringing foreign-denominated cash money into Indonesia. A new Bank Indonesia regulation sets a IDR 1 billion (approx. USD $75,000) ceiling on the total amount of foreign cash money an individual can bring into Indonesia.

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  • Bank Indonesia Regulation ‘Mandatory Use of Rupiah’ Came into Effect

    Bank Indonesia Regulation ‘Mandatory Use of Rupiah’ Came into Effect

    On 1 July 2015, Bank Indonesia’s BI Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of the Rupiah in Indonesia came into effect. This BI Regulation, signed on 31 March 2015, restricts the use of foreign currencies in transactions conducted in Indonesia with the aim to deepen the domestic rupiah market, stabilize the rupiah (which has been depreciating against the US dollar), and foster economic expansion. A previous law (Law No. 7/2011) allowed for involved contract parties to agree using another currency (than the rupiah) for payments.

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  • Indonesian Rupiah Rate Update: Up on Data from China and Japan

    The Indonesian rupiah exchange rate has appreciated 0.50 percent to IDR 11,779 per US dollar by 16:00pm local Jakarta time on Monday (09/06). This performance is in line with the general trend in Asia where emerging market currencies strengthened against the greenback on today’s trading day. The rupiah is among today’s best-performing emerging currencies as it was boosted by the higher trade surplus of China (one of Indonesia’s most important trading partners) and economic growth in Japan.

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  • Asian Development Bank Outlook 2014 'Fiscal Policy for Inclusive Growth'

    According to the Asian Development Bank's latest annual Asian Development Outlook (which provides an analysis of economic performance for the past year and near future), developing Asia is expected to extend its steady growth. The region’s growth is projected to edge up from 6.1 percent in 2013 to 6.2 percent in 2014 and 6.4 percent in 2015. Moderating growth in China (PRC) as its economy adjusts to more balanced growth will offset to some extent the stronger demand expected from the industrial countries as their economies recover.

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  • Use of Bitcoin as Payment Instrument Banned by Indonesia's Central Bank

    The use of bitcoin, the hotly debated digital currency that was launched in 2009, is banned by the central bank of Indonesia (Bank Indonesia). This week, Bank Indonesia released a press release in which it states that the bitcoin and other virtual currencies are not considered as currencies nor legal payment instruments in Indonesia. After China, Denmark and Russia, Indonesia has become the next country to ban the use of the bitcoin as it can jeopardize the country's financial stability according to the assessment of the bank.

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Latest Columns Currencies

  • Foreign Loan Restrictions and Reporting Obligations in Indonesia

    Foreign Loan Restrictions and Reporting Obligations in Indonesia

    A company that wishes to obtain a foreign loan in foreign currency of more than USD 100,000 is required to fulfill certain requirements set by Bank Indonesia (BI). These requirements are set in BI Regulation 16/21/PBI/2014 concerning The Implementation Of Prudential Principles in Managing External Debt of Non-Bank Corporation and amendment 18/4/PBI/2016 (BI Regulation). Further explanation is provided in the BI Circular number 16/24/DKEM of 2014 and its amendment number 17/18/DKEM of 2015. In this column we will discuss the reporting requirements for foreign loans of more than USD 100,000.

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  • Yuan Becomes Reserve Currency But Impact Will Be Limited

    Yuan Becomes Reserve Currency But Impact Will Be Limited

    Broad activity in the financial markets has been limited over the last few weeks, as holiday-thinned trading conditions have slowed volatility in most of the commonly watched assets. A large part of the reasoning behind this can be seen in the fact that market moving news headlines have not been seen and most investors are still looking for ways to identify the most likely direction to follow in the equities space.

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  • How Can a Foreigner (Expat) Open a Foreign Currency Bank Account in Indonesia?

    How Can a Foreigner (Expat) Open a Foreign Currency Bank Account in Indonesia?

    Indonesia’s Financial Services Authority (OJK) issued a new regulation that simplifies the opening of a foreign currency bank account by a foreign national (expat). A circular, S-246/S.01/2015 (dated 15 September 2015 and signed by OJK Chairman Muliaman D. Hadad), has been sent to all directors of Indonesian commercial banks that conduct business in foreign currencies. This new rule, part of the economic policy package that was released by the Indonesian government on 9 September, aims to boost foreign currency funds in Indonesia and support the rupiah.

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  • Banking in Foreign Currencies for Expats in Indonesia Made Easier

    Banking in Foreign Currencies for Expats in Indonesia Made Easier

    Soon it will be easier for foreigners (expats) to have a foreign currency bank account (non-rupiah) in Indonesia. Muliaman D. Hadad, Chairman of the Financial Services Authority (OJK), stated it is bound to issue a new regulation that allows for easier banking in foreign currencies in Indonesia. This regulation is made in an effort to raise the country’s foreign exchange reserves and support the ailing rupiah.

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  • Financial Update Indonesia: Rupiah Falls on Changing Global Expectations

    Financial Update Indonesia: Rupiah Falls on Changing Global Expectations

    When we look at the long-term activity in the Indonesian rupiah, we have seen a surprising level of strength when viewing the activity seen in recent months. This has been surprising for a few different reasons, as this is not something that can be said for markets in emerging Asia as a whole. This essentially suggests that economic activity in the region has been somewhat disjointed and that trends visible in one country cannot necessarily be expected in another. But when we look at chart activity in the rupiah itself, we can see that the broader trends have started to change over the last two months.

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  • How Will US Dollar Trends Impact the Indonesian Rupiah?

    How Will US Dollar Trends Impact the Indonesian Rupiah?

    Over the last year, the Indonesian rupiah has been rising when compared to a wide variety of world currencies. Some of the more pronounced strength has been seen against the US dollar, which has been travelling in the opposite direction for most of the same period. To many investors that are focused on the currency markets, it might appear as though these two currencies are largely unrelated. But when we look at the trends that have been developing over the last year, it quickly becomes clear that this is just not the case.

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  • Indonesian Rupiah Update: Could US Policy Weigh on Rupiah?

    Indonesian Rupiah Update: Could US Policy Weigh on Rupiah?

    When we look at market activity in the Indonesian rupiah, some very clear trends have started to emerge. When viewed against the US dollar the rupiah has seen pronounced weakness over this time frame. Many investors have started to view this activity as overdone and we have started to see analyst forecasts calling for more strength in the rupiah over the next few months. But there are also arguments that can be made against this outlook and it will be important for those investing in Indonesian assets to understand some of these factors, so that proper positioning can be undertaken.

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  • Indonesian Rupiah Exchange Rate Rebounds from Six-Year Low

    Indonesian Rupiah Exchange Rate Rebounds from Six-Year Low

    Contrary to the previous trading day, most emerging Asian currencies strengthened against the US dollar on Tuesday (09/12) supported by the yen’s advance as falling oil prices dented risk appetite. Based on the Bloomberg Dollar Index, Indonesia’s rupiah appreciated 0.47 percent to IDR 12,331 per US dollar today. Despite local firms’ increased US dollar demand to settle debt before the year-end, market participants were happy to learn that Indonesia’s central bank is active in the foreign exchange market to guard the currency.

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  • Indonesian Rupiah Exchange Rate Update: Slightly Appreciating

    Indonesian Rupiah Exchange Rate Update: Slightly Appreciating

    The Indonesian rupiah exchange rate appreciated slightly on Wednesday (11/06). According to the Bloomberg Dollar Index, the currency of Southeast Asia’s largest economy appreciated 0.04 percent to IDR 11,810 per US dollar. Reuters reported that the euro zone's monetary easing in combination with the recent improvement in China's economy offset the impact of higher US yields on Asia. However, investors are still waiting for several data, including the BI interest rate, the Eurozone’s industrial production, and US retail sales.

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  • Indonesian Rupiah Appreciates 0.25% but Sentiment still Negative

    Indonesian Rupiah Appreciates 0.25% but Sentiment still Negative

    The Indonesian rupiah exchange rate appreciated 0.25 percent to IDR 11,860 per US dollar according to the Bloomberg Dollar Index on Thursday (05/06). However, this is not expected to be the start of an appreciating trend for the currency as there are still various domestic and international factors that place pressure on the rupiah. Contrary to the Bloomberg Index, Bank Indonesia's benchmark rupiah rate (Jakarta Interbank Spot Dollar Rate, abbreviated JISDOR) depreciated 0.54 percent to IDR 11,874 against the US dollar today.

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