Jakarta, Nov. 3 -- Indonesia plans to revise rules governing natural-resource export proceeds to encourage exporters to convert a larger share of their US dollar earnings into rupiah.

"The proposed changes aim to encourage a higher conversion rate for US dollars received as export proceeds," Finance Minister Suahasil Nazara said at a Financial System Stability Committee (KSSK) news conference in Jakarta on Tuesday.

He said the proposal was part of a broader strategy to strengthen domestic financial markets.

"We want more export proceeds converted into rupiah to bolster the financial sector and domestic markets," Nazara added.

The natural-resource export proceeds policy took effect on June 1, 2026, under Government Regulation Number 21...