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Indonesia: Bank Indonesia's Policy on the use of Rupiah in International Activities

As mandated by Law No.23 of 1999 on Bank Indonesia(“BI”), which was lastly amended by Law No.6 of 2009, the establishment of BI, as the central bank of Indonesia, has one of the objectives of achieving and maintaining stability in the value of the Rupiah, the Indonesian national currency. In order to achieve these objectives, BI has issued several regulations on the policies on the use of Rupiah, to encourage the use of Rupiah within the territory of the Republic of Indonesia and to regulate the use of Rupiah outside Indonesia, such as the following:
a. BI Regulation (“PBI”) No.3/3/PBI/2001 on the Restrictions of Rupiah Transaction and the Extension of Foreign Currency Credit by…To read the full article, please see the PDF file

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Asia Newsletter (March 6, 2023) Download PDF [190 KB]


吉本 智郎

Based in Singapore since April 2014, Tomoro's areas of expertise include general corporate matters and M&A, disputes, labor and crisis management cases in Singapore, Indonesia and other Southeast Asian countries. He strives to deepen his knowledge and understanding of the distinct language/culture/regulations/commercial practices, and believes that communication is the key in any project. He regularly speaks in compliance seminars for the branch offices and the subsidiaries of his clients.



  • Partner
  • Singapore

Ikang has advised a wide range of domestic and international clients across various industry sectors such construction, finance, IT, manufacturing, real estate, labor, dispute resolution, and criminal investigation. Ikang has assisted in various high-profile M&A transactions and has a good connection with Indonesian government authorities. He also advises on day-to-day corporate/commercial issues and licensing, including on investments at all stages, from inception to post-closing operations. As a partner of Indonesian practice in our Singapore Office and cross-border team, Ikang provides a tailored legal services in a timely and flexible manner.


Grazia is a member of Singapore Institute of Arbitrators (SIArb) and a certified Data Protection Officer (DPO) by Indonesian Association of Data Privacy Professionals (APPDI) . Aside from her active legal practice, Grazia is devoted to contribute back to her community in Bali, Indonesia, through a non-profit initiative which she co-founded to help more women gain access to higher education.