KONTAN.CO.ID - JAKARTA. Indonesia plans to introduce a requirement for exporters to keep their foreign exchange earnings in the local banking industry for three months, a top government official was cited by media as saying on Wednesday. The government was discussing the plan with the central bank and a review on current requirements for export earnings was nearly complete, Airlangga Hartarto, the chief economics minister, was quoted as saying by mainstream media outlets. His ministry's spokesperson did not immediately respond to a request for comment.
Indonesia to Make Exporters Hold FX Earnings Onshore for 3 Months -Media
KONTAN.CO.ID - JAKARTA. Indonesia plans to introduce a requirement for exporters to keep their foreign exchange earnings in the local banking industry for three months, a top government official was cited by media as saying on Wednesday. The government was discussing the plan with the central bank and a review on current requirements for export earnings was nearly complete, Airlangga Hartarto, the chief economics minister, was quoted as saying by mainstream media outlets. His ministry's spokesperson did not immediately respond to a request for comment.