The scope of rupiah use in international events includes its use outside the territory of the Republic of Indonesia and its use by non-residents within the territory of the Republic of Indonesia.
The use of rupiah outside the territory of the Republic of Indonesia includes its use in physical banknotes, account based, and digital based for quotations, financial transactions, and settlement of financial transactions.
Furthermore, the regulation explains that the use of rupiah by non-residents within the territory of the Republic of Indonesia must be supported by underlying economic activities.
Bank Indonesia may impose administrative sanctions for violations of the rupiah use policy in international events. (rr)