Indonesia's export earnings rules set to take effect July 1, says minister

  • 📰 staronline
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 75%

United States News News

United States United States Latest News,United States United States Headlines

Indonesia will make some exporters retain part of their export earnings onshore for at least three months starting next month.

The resource-rich country has been working on new rules since earlier this year to bolster the domestic supply of U.S. dollars after export earnings reached a record high last year.

Airlangga told Reuters in an interview while the rules are still awaiting the president's signature, they will be applied from July 1. He blamed the delay on the president's workload and said there has been no pushback against it.Airlangga confirmed exporters will not be asked to convert their foreign exchange into rupiah.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines