The government is preparing incentive mechanisms and instruments for exporters so that the mandatory parking of export proceeds does not disrupt business performance. However, these various facilities were greeted coldly by business actors.
Fishery industry players asked the government to review the obligation to place foreign exchange proceeds from exports of natural resources by 30 percent. It is considered that this will hamper the growth of fishery exports.
The obligation to park export proceeds domestically is needed to secure foreign exchange reserves and strengthen the rupiah exchange rate. However, this step needs to be accompanied by strong incentives so as not to harm exporters.