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Indonesia will exempt the oil and gas sector from a new rule requiring exporters to retain 30% of export proceeds in the country. The government aims to shore up dollar supply to stabilise the rupiah, which hit a six-month low in January.
The FX retention rule and its exemptions affect dollar liquidity in Indonesia, influencing the currency cost of imported feed ingredients.
reuters.comStefanno SulaimanJan 22, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
