Reported about 15 hours ago
Indonesia will mandate commodity exporters to keep a portion of their foreign currency earnings domestically for at least one year, as part of efforts to strengthen foreign reserves. This extends the current three-month requirement and aims to stabilize the rupiah amidst fluctuations in dollar strength. While this measure could bolster the central bank's dollar reserves, it faces criticism from investors concerned about the impact on capital flow in the country.
Source: YAHOO