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Indonesia implements Currency Law on all cash payment transactions

The Bank of Indonesia has implemented a regulation that will require all cash payment transactions, either the receipt of incoming payments or execution of outgoing payments, to be performed with Indonesian Rupiah (IDR).

The mentioned Currency Law will be in effect starting 1st July 2015, seeing future invoices and quotations of PT Schenker Petrolog Utama made in or converted to IDR.

Further details can be read in the attached document below:

Regulation on the use of Indonesian Rupiah

(PDF | 0.92 MB)
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Last modified: 25.06.2015

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