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Report: Indonesia Plans to Tighten Export Controls on Commodities Such as Coal and Palm Oil
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The Indonesian government plans to step up controls on exports of commodities such as coal and palm oil in order to combat tax evasion and bolster the sharply waning Indonesian rupiah, Bloomberg, quoting people with the knowledge of the matter, reported. The government intends to establish a new national agency to manage commodity exports, sources divulged. Strengthening export controls would help maximize foreign exchange inflows, thereby supporting the rupiah. However, as Indonesia is the world's largest exporter of thermal coal and palm oil, tighter export controls could potentially disrupt global markets. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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