Indonesia Natural Resources Sector – New Requirements for Depositing Foreign Exchange Export Proceeds into Indonesian Financial System
The President of Indonesia, Joko Widodo, recently enacted Government Regulation No. 36 of 2023 regarding Foreign Exchange Export Proceeds from the Business, Management, and/or Processing of Natural Resources (“GR 36”). GR 36 stipulates new requirements for exporters of natural resources to deposit their foreign exchange export proceeds (Devisa Hasil Ekspor dari Barang Ekspor Sumber Daya … Indonesia Natural Resources Sector – New Requirements for Depositing Foreign Exchange Export Proceeds into Indonesian Financial System