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Indonesia is close to finalizing incentives for exporters holding billions of dollars offshore or in banks, aiming to convert those funds into rupiah. Bank Mandiri's president said special deposit accounts could be offered within one or two months, and the government has already required commodity shippers to convert half of their earnings locally.
Converting export dollars into rupiah could temporarily strengthen the currency, lowering import costs for Indonesian feed and food buyers, while commodity exporters face new conversion rules.
businesstimes.com.sgSep 27, 2018Not 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.
