IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 23 Oct 2015 | Removal date: open ended
Still in force

Control on personal transactions

On 23 October 2015, the Indonesian government issued regulation 78/2015 introducing new provisions on wage payments in the country.
Article 21 of the regulation requires all employers in Indonesia to renumerate their employees in the Indonesian rupiah.
Previously, the Indonesian central bank passed regulations requiring that all financial transactions shall be conducted in the local currency (cf. Related Measures).
The regulation came into force on the day of its issuance. 

AFFECTED COUNTRIES

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