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INDONESIA: Carry-In Foreign Currency to be Capped at US$75,000

Visitors to the country are to be restricted to bringing in a maximum of US$75,000 in foreign currency. The new limit, set by the country’s central bank, will apply as of 5 March 2018. At present, there are no restrictions on the amount of physical currency that may be carried in by arrivals from overseas, although all sums above US$7,500 should be declared to customs officials.

The introduction of the cap is line with the 2015-mandated ban on the use of foreign currency in domestic transactions. For further details see Indonesia Bans Use of US Dollar for Settlement of Domestic Transactions.

Content provided by Picture: HKTDC Research
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