Indonesian President Prabowo Subianto has signed a regulation mandating that exporters of non-oil and gas resources keep all proceeds within the country for at least a year. The move, aimed at strengthening foreign exchange reserves, is expected to add $80 billion to Indonesia’s financial holdings. The policy marks a significant shift in economic strategy as the government seeks to bolster currency stability and economic resilience.
Indonesia Orders Exporters to Keep Proceeds Locally
