Key facts
- Indonesia will exempt natural resource exporters from income tax on export revenues held in domestic banks.
- The new foreign exchange rules for exporters take effect on June 1.
- The government and Bank Indonesia are collaborating to support the rupiah.
- The measure aims to increase the supply of foreign currency within Indonesia.
Indonesia's government is set to implement new foreign exchange regulations for exporters starting June 1, which include an exemption from income tax for natural resource exporters who deposit their export revenues into domestic banks. This policy aims to increase the supply of foreign currency within the country and provide support for the Indonesian rupiah. The government and the central bank, Bank Indonesia, are working in tandem to stabilize and strengthen the national currency.