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Indonesia's rule requiring exporters to hold export proceeds (DHE) in domestic banks took effect on 1 August 2023. Local markets were watching how the rule would affect the rupiah.
Stocks and bonds had closed higher on 31 July.
The retention rule could increase dollar supply in the domestic market and support the rupiah, which matters for the cost of imported feed ingredients. Its effect on commodity export flows is still unclear.
cnbcindonesia.comChandra DwiJul 31, 2023Not 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.
