# BI Plan to Lowering FX Swap Fees - The Insiders Stories

> Bank Indonesia plans to cut the fee on foreign exchange swap transactions to keep dollars in the country. Coordinating Minister Darmin Nasution said only 85% of export revenues are returned to Indonesia, and he also said the 20% biodiesel blend (B20) is ready for all diesel vehicles. The policy is expected to cut diesel imports by about 3.5 to 4.5 million kiloliters.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/64364-bi-plan-to-lowering-fx-swap-fees-the-insiders-stories
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

The B20 mandate raises domestic palm oil demand for biodiesel and reduces diesel imports, which supports palm oil prices. A lower swap fee would also support the rupiah.

## Read by commodity

- DIESEL: bearish ▼
- USDIDR: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-26 | [Indonesia Considers To Rise Palm Oil Export Levies - The Insiders Stories](https://feedsoft.ai/events/5820-indonesia-considers-to-rise-palm-oil-export-levies-the-insiders-stories.md) | -6.0% | -13.8% |
| PALMOIL | 2019-09-24 | [Indonesia to Imposes Export Levy for CPO Starts Jan. 2020 - The Insiders Stories](https://feedsoft.ai/events/56964-indonesia-to-imposes-export-levy-for-cpo-starts-jan-2020-the-insiders-stories.md) | -0.7% | +0.6% |
| PALMOIL | 2025-05-15 | [Indonesia’s levies to benefit local plantation players \| The Star](https://feedsoft.ai/events/15561-indonesia-s-levies-to-benefit-local-plantation-players-the-star.md) | -0.1% | +1.0% |
| PALMOIL | 2024-11-07 | [Indonesia's palm oil fund urges govt to rethink biodiesel funding plan \| Reuters](https://feedsoft.ai/events/15603-indonesia-s-palm-oil-fund-urges-govt-to-rethink-biodiesel-funding-plan-reuters.md) | +0.4% | +1.8% |
| PALMOIL | 2018-05-24 | [Indonesia plans to roll out 25pct biodiesel rule from 2019 \| The Star](https://feedsoft.ai/events/64888-indonesia-plans-to-roll-out-25pct-biodiesel-rule-from-2019-the-star.md) | -0.4% | -5.4% |
| DIESEL | 2026-09-30 | [Explainer-What is red-dyed diesel and can it help lower prices, as Trump wants? By Reuters](https://feedsoft.ai/events/17660-explainer-what-is-red-dyed-diesel-and-can-it-help-lower-prices-as-trump-wants.md) | -6.2% | -4.4% |
| DIESEL | 2026-03-23 | [U.S. to bring more diesel to market to address fuel prices: Wright](https://feedsoft.ai/events/20339-u-s-to-bring-more-diesel-to-market-to-address-fuel-prices-wright.md) | -2.4% | -23.4% |
| DIESEL | 2018-10-19 | [Refiners Slump as Trump Looks to Slow-Roll IMO Fuel Mandate - TT](https://feedsoft.ai/events/12175-refiners-slump-as-trump-looks-to-slow-roll-imo-fuel-mandate-tt.md) | -0.9% | -9.6% |

## Sources

- theinsiderstories.com: https://theinsiderstories.com/bi-to-lowered-fx-swap-fees-to-hold-u-s-dollar-stay-in-indonesia/

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