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Finance Minister Suahasil Nazara said the ministry is drafting new foreign exchange rules for natural resource export proceeds, aiming to increase the share of export dollars converted into rupiah. The rupiah had weakened to 18,145 per dollar on November 2, and current rules cap conversion of such proceeds at 50%.
If exporters must convert more dollars to rupiah, this could add near-term rupiah support, though it is a policy plan without final terms yet.
Not 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.