Indonesia exempts US, partners from new natural resource FX rules
Jakarta, May 22 -- The Republic of Indonesia will exempt several partner countries, including the United States, from parts of its new foreign exchange proceeds policy for natural resource export, Coordinating Minister for Economic Affairs Airlangga Hartarto said on Friday.
"Yes, there are exemptions for partner countries. We will monitor them later, one of them for example is the United States," Hartarto said in a statement.
The provision is regulated under Government Regulation (PP) No. 21 of 2026, which revises PP No. 36 of 2023 on Foreign Exchange Proceeds from the Exploitation, Management, and/or Processing of Natural Resources.
Under the regulation, the government provides flexibility for the implementation of bilateral trade agr...
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