Indonesia to Make Exporters Deposit Earnings in State Banks, Finance Ministry Says

Indonesia plans from January 1 to require natural resource exporters to retain all foreign currency earnings in state-owned banks for at least a year, and limit their use, finance ministry officials said on Monday.

Indonesia has for years been trying to make exporters keep their earnings in the domestic banking system for longer, hoping it could boost U.S. dollar supplies onshore and help keep the rupiah exchange rate stable.

Jakarta's most recent changes to the earnings retention rules were introduced in early 2025.

Under the current rules, exporters must for at least one year keep...

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