# Indonesia c.bank launches FX term deposit for exporters

> Bank Indonesia sold $15 million of FX term deposits to exporters through agent banks in its first auction of the instrument. The aim is to keep export proceeds in the country longer and support foreign exchange reserves.

- Date: 2023-03-02 · published 2023-03-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/37205-indonesia-c-bank-launches-fx-term-deposit-for-exporters
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

The measure is aimed at supporting rupiah liquidity and reserves rather than changing commodity supply or demand. Its effect on feed input prices is marginal.

## Sources

- reuters.com: https://www.reuters.com/article/markets/indonesia-c-bank-launches-fx-term-deposit-for-exporters-idUSL1N35A0PO/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.