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Bank Indonesia issued Regulation PBI No. 23/5/PBI/2021, effective June 2, 2021, which extends foreign exchange monitoring to transactions between banks and their customers. The rule covers spot trades of at least $250,000 and derivatives of at least $1 million.
Tighter monitoring of onshore FX flows is mainly aimed at limiting speculation and stabilising the rupiah. Its direct effect on grain or feed prices is minimal.
bi.go.idBank IndonesiaMay 31, 2021Not 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.
