Indonesia's planned export earning retention rules to apply for proceeds of at least $250,000 - minister

Kitco Media
By Reuters
Published:
Updated:
Reuters
JAKARTA, Feb 28 (Reuters) - Indonesia's plan to make exporters retain earnings onshore will apply to proceeds of at least $250,000, Chief Economics Minister Airlangga Hartarto said on Tuesday. Airlangga told an economic forum exporters can convert their foreign currency earnings into rupiah. The rules will apply to proceeds from shipments of natural resources and their derivative products. (Reporting by Gayatri Suroyo; Writing by Stanley Widianto; Editing by Kanupriya Kapoor)

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