Indonesia to Exempt China, Australia, Canada from Export FX Retention Rule
Indonesia is set to exempt China, Australia, and Canada from its foreign exchange retention policy, which requires natural resource exporters to keep earnings in domestic banks. This move aims to strengthen bilateral trade ties while maintaining the stability of the rupiah.
Why it matters
The policy adjustment reflects Indonesia's strategic effort to balance domestic liquidity needs with the requirements of its major international trading partners.
July 23, 2026 | 9:30 pm SHARE URL berhasil di salin. Containers are loaded onto a cargo ship at Ahmad Yani Port in Ternate, North Maluku, on Tuesday, Jan. 6, 2026. According to government data, nickel and metal are the dominant export commodities from the province. (Antara Photo/Andri Saputra) Jakarta. Indonesia plans to exempt China, Australia, and Canada from its requirement that natural resource exporters retain foreign exchange earnings in the domestic banking system, Coordinating Economic Affairs Minister Airlangga Hartarto said on Thursday.
The rule, which took effect in June 2026, requires exporters of natural resources to keep their foreign currency export proceeds in Indonesian banks for a specified period as part of the government's efforts to strengthen domestic liquidity and support the rupiah.
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