Not Wanting To Be Left Behind By BI, Sri Mulyani Prepares Incentives For Exporters Who Park Dollars Domestically

BEKASI - Minister of Finance (Menkeu) Sri Mulyani said that the government is concerned with preparing special incentives for exporters related to strengthening foreign exchange of export products (DHE).

According to him, this latest facility will reach various other sectors outside the traditional natural resources (SDA) sector.

"We are discussing the expansion process (providing incentives), because so far the DHE of Government Regulation (PP) is only in natural resources," he said during a working visit at Cikarang Dry Port (CDP) on Friday, January 27.

The Minister of Finance itself has not been able to provide certainty about what incentives will be disbursed considering that exports of products outside of natural resource products are quite diverse.

"Many manufacturers import raw materials and then carry out production activities and then export them again. So that the foreign exchange obtained is used for imports again. Things like that that we must also pay attention to," he said.

Even so, the Minister of Finance emphasized that the government at the same time is also trying to avoid excessive intervention. Because, after all, income management is the full right of business actors.

"So they also don't feel the loss of opportunity from their funds. We respect that, but also the government needs to maintain export products that need to be reflected in foreign exchange reserves," said the state treasurer.

According to VOI records, incentives to support the increase in DHE have also been carried out by Bank Indonesia (BI). The monetary authority even promises attractive interest rates to attract exporters to park their funds domestically rather than abroad.

This was conveyed directly by the Governor of BI Perry Warjiyo some time ago.

"Later we will adjust the flower according to the market mechanism," he said.

Perry explained that incentives were not only given to exporters but also to banks that managed to collect dollars from business actors.

It was explained that the central bank imposed a banking dollar deposit policy not included in third party funds (DPK).

"So there is no mandatory minimum duty giro (GWM) if the bank takes a pass on (continuing) its dollar deposits to Bank Indonesia," said Perry.