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Bangkok Post
Bangkok Post
Business

Indonesia wants exporters to keep money at home

Indonesia Airlangga Hartarto Jakarta Economy
An employee counts rupiah banknotes at a currency exchange in Jakarta. (Reuters File Photo)

JAKARTA: Indonesia is formulating incentives for exporters to keep their foreign-exchange earnings onshore for at least three months, its chief economics minister said on Thursday.

Minister Airlangga Hartarto said the government would offer “competitive” interest rates for exporters that deposit their forex earnings in local banks.

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