Jakarta Globe·2 min read·medium

Indonesia to Exempt China, Australia, Canada from Export FX Retention Rule

A
Arnoldus Kristianus
Indonesia to Exempt China, Australia, Canada from Export FX Retention Rule
AI Summary

Indonesia is set to exempt China, Australia, and Canada from its foreign exchange retention policy, which requires natural resource exporters to keep earnings in domestic banks. This move aims to strengthen bilateral trade ties while maintaining the stability of the rupiah.

July 23, 2026 | 9:30 pm SHARE URL berhasil di salin. Containers are loaded onto a cargo ship at Ahmad Yani Port in Ternate, North Maluku, on Tuesday, Jan. 6, 2026. According to government data, nickel and metal are the dominant export commodities from the province. (Antara Photo/Andri Saputra) Jakarta. Indonesia plans to exempt China, Australia, and Canada from its requirement that natural resource exporters retain foreign exchange earnings in the domestic banking system, Coordinating Economic Affairs Minister Airlangga Hartarto said on Thursday.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →
economybusinesspolitics

Get the full story

Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.

Create free account

Already have an account? Sign in

Indonesia to Exempt China, Australia, Canada from Export FX Retention Rule — Headlinne — headlinne