Jakarta, May 21 -- Bank Indonesia (BI), the country's central bank, has expanded its natural resource export revenue framework to allow exporters to deposit non-US dollar foreign currencies-specifically Chinese yuan-into domestic state-owned banks.

The expansion of the central bank's term-deposit scheme enables exporters to place non-USD foreign exchange earnings in state-owned banks for tenors of up to 12 months.

Speaking at a regulatory briefing in Jakarta on Thursday, Bank Indonesia Governor Perry Warjiyo noted that while natural resource export proceeds (known locally as DHE SDA) were previously dominated by the US dollar, businesses can now make greater use of alternative currencies.

"We are expanding the currency options beyond t...