Enggartiasto Lukita(centre) also told reporters that exporters of commodities such as palm oil and coal will be required to keep half of their proceeds onshore for a minimum of six months and convert them to rupiah.
JAKARTA: Indonesia’s finance minister says the government aims to “persuade” exporters to keep earnings onshore and convert them into rupiah, rather than make this mandatory, amid confusion over a plan floated by another minister.
On Tuesday, Trade Minister Enggartiasto Lukita said authorities intended to make it mandatory for exporters of commodities such as palm oil, coal, oil and natural gas to keep half of their proceeds onshore for at least six months and convert them to rupiah.
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