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Indonesia's government is drafting a revision to PP 1/2019 on export proceeds (DHE) to keep export dollars inside the country. Analysts from Bank BJB and Bank Mega discussed whether the new rules will draw more US dollars and strengthen the rupiah.
If the revised rules effectively retain export dollars, they could firm the rupiah and affect exporter sales timing of palm oil and other commodity revenues, a modest factor for global vegoil supply.
cnbcindonesia.comCNBC Indonesia TVJan 20, 2023Not enough comparable past events yet for a historical read.
After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
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.
