Jakarta. Indonesia plans to exempt China, Australia, and Canada from its requirement that natural resource exporters retain foreign exchange earnings in the domestic banking system, Coordinating Economic Affairs Minister Airlangga Hartarto said on Thursday.

The rule, which took effect in June 2026, requires exporters of natural resources to keep their foreign currency export proceeds in Indonesian banks for a specified period as part of the government's efforts to strengthen domestic liquidity and support the rupiah.

Airlangga said the government is preparing to expand the list of exempted countries to include those that have bilateral or multilateral trade agreements with Indonesia.

"Several countries will be exempted because we have extensive bilateral agreements with them, including the United States, China, Australia, and Canada. They are also members of the WTO," Airlangga told reporters in Jakarta.

Previously, only the United States was exempt from the policy.

The regulation allows exemptions for countries that have bilateral agreements or other trade arrangements with Indonesia. Although the policy has been in effect since June, the government continues to review its implementation and assess its effectiveness, Airlangga said.

Finance Minister Purbaya Yudhi Sadewa has said the policy is intended to ensure that exporters retain more of their foreign exchange earnings within Indonesia rather than depositing them overseas. The measure is expected to bolster liquidity in the domestic banking system while helping support the stability of the rupiah.