JAKARTA – The government is taking a final look over the revision of the Government Regulation No.1/2019 regarding the Foreign Exchange from Exports of Natural Resources Processing, Management, and Business.

Airlangga Hartato, Coordinating Minister of Economic Affairs, claimed that the regulation regarding foreign exchange (forex) from exports are currently being finalised by the technical department of the ministry. “There will be incentives from Bank Indonesia (BI) in the form of BI Regulations and from the Ministry of Finance in the form of credits in USD,” he further explained in the press release quoted Tuesday (17/1).

Other incentives that may be provided are investment and working capital credits to boost the downstream sector.

The revised Government Regulation No.1/2019 will include the law regarding export forex for commodities that have gone under downstreamng process, as well as the export forex that should be stored within the country. (LK/ZH)