Still Use Dollars? Ready Fined IDR 200 Millions

rupiah

WE Online, Jakarta – For any business and any people in Indonesia must use IDR each payment transactions in the country.

Because through Bank Indonesia Regulation (PBI) No 17/3 / PBI / 2015, the central bank has required the use of dollars in payment transactions in every region of the Republic of Indonesia (NKRI). This policy has been in force since 1 April 2015.

“We hope that with the obligation to use these dollars to the Indonesian public confidence in the rupiah could increase. Because if people believe Indonesia has been using dollars, the next impact could be followed by an international trust to dollars, and have an impact on the Indonesian economy,” said Deputy Director of the Legal Department of BI , Bambang Sukardi Son in Bandung, Saturday (05/09/2015).

According to him, this rule applies to all payment transactions in Indonesia, such as ports, airports, shopping electronics, travel services and other goods and services.

When people and businesses are still recalcitrant to use foreign currency in payment transactions, the Central Bank has set up penalties for them.

“For cash transactions of criminal sanctions and penalties. In accordance with article 33, paragraphs 1 and 2 of the Law of currency is one year imprisonment and a maximum fine of Rp 200 million,” he explained.

He added that this sanction also applies if the person refuses payment constituted dollars without a doubt the authenticity of dollars or no agreement to use the previous currency.

As for non-cash transactions sanction ranging from a written warning, a fine in the form of an obligation to pay 1% of the transaction (maximum of USD 1 billion) to join the traffic ban payment system. Provisions for non-cash transactions come into force 1 July 2015.

“Bi can also recommend the relevant authorities to revoke its business license if businesses continue to use the currency,” he concluded.

Author: Dawn Solomon

Editor: Cahyo Prayogo

Photo: Sufri Yuliardi

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