JAKARTA -- Indonesia has announced an extension of the lock-up period for export earnings from resource sectors, increasing it from a minimum of three months to 12 months, effective March 1.
Trade
Indonesia seeks $100bn by extending export earnings lock-up
Economists doubt the new policy will stabilize currency or satisfy investors
Nickel ore being loaded in Indonesia's South Sulawesi province: From March 1, mining companies will have to keep 100% of their earnings in Indonesia for 12 months in a move the government says should stabilize the rupiah. © Reuters
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