Indonesia issues new regulations on use of local currency
With the new regulations, all cash and non-cash transactions will be made in rupiah while prices for goods and services within the country will only be specified in rupiah. These regulations are expected to have a significant effect on business in Indonesia if they are strictly enforced as a considerable number of non-cash transactions are made in US dollars in the country.
In 2011, the Indonesian government issued a currency law which only required the use of the rupiah in cash transactions.
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