Foreign exchange from exports is often used for working capital by exporters so it is not saved.
Exporters of Natural Resources and Manufacturing are Not Tempted to Park Foreign Exchange Proceeds from ExportsPlease note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atA truck carrying containers leaves the Container Terminal at Tanjung Priok Port, Jakarta, on Sunday .
Eddy added that bank loan interest is still higher than DHE incentives. Currently bank loan interest is around 7-9 percent per year. MeanwhileGovernment Regulation Number 22 of 2024 concerning Income Tax Treatment on Income from Export Earnings of Natural Resources Placement of Foreign Exchange in Certain Monetary and / or Financial Instruments in Indonesia regulates the tax incentive scheme for placement of DHE in domestic financial system.
The commodity of palm oil is a natural resource that is a mainstay of Indonesia's exports. According to the Central Statistics Agency , exports of animal/plant fats and oils in the period of January-April 2024 reached 7.83 billion US dollars. The export of this commodity contributed 9.55 percent to Indonesia's total exports during that period which amounted to 81.92 billion US dollars.
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