JAKARTA - The government is preparing an exemption from the foreign exchange rules for the export of natural resources or DHE SDA for companies from four countries. China is one of the countries on the list.
Minister of Finance Purbaya Yudhi Sadewa said the complete list would be announced by Coordinating Minister for Economic Affairs Airlangga Hartarto.
"There are four countries, but later let Pak Airlangga announce it," said Purbaya at the Presidential Palace Complex, Jakarta, Thursday, July 23.
When asked to name a country other than the United States, Purbaya answered, "China."
He said that exceptions were considered based on a number of factors. Among them are bilateral or multilateral agreements, large investment values, and the existence of banks from the country that have long operated in Indonesia.
Purbaya emphasized that the DHE SDA policy is basically aimed at domestic companies that store their export funds abroad.
"The main target is domestic companies that have a lot of money in the bank here, then the money is put abroad. So it's not foreign companies that operate here," he said.
Purbaya did not mention the other three countries that would receive exemptions. He also did not specify the companies or sectors that could use the provision.
DHE SDA is foreign exchange from the export of natural resource commodities. The government regulates its placement in the country to strengthen foreign exchange liquidity and maintain rupiah stability.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
