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INDONESIA: Economic Minister Comments on Export FX Earnings

INDONESIA
  • "INDONESIA TO MAKE EXPORTERS KEEP 100% OF FX ONSHORE: KONTAN" (BBG)
  • "INDONESIA TO MAKE EXPORTERS KEEP FX ONSHORE FOR 1 YEAR: KONTAN"
  • The above headlines are in line with expectations, and had been flagged on January 08 - that the Government were seeking to lengthen the lockup to 1 year from 3 months. Resource exporters currently keep 30% of FX revenues onshore.
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  • "INDONESIA TO MAKE EXPORTERS KEEP 100% OF FX ONSHORE: KONTAN" (BBG)
  • "INDONESIA TO MAKE EXPORTERS KEEP FX ONSHORE FOR 1 YEAR: KONTAN"
  • The above headlines are in line with expectations, and had been flagged on January 08 - that the Government were seeking to lengthen the lockup to 1 year from 3 months. Resource exporters currently keep 30% of FX revenues onshore.