Kadin: 40 Percent of Funds from Exports Ready to be Converted to Rupiah

By : Ridwan And Aldi Firhand. A | Wednesday, September 19 2018 - 20:21 IWST

Rosan Roeslani Ketua Umum KADIN (dok KADIN INDONESIA)
Rosan Roeslani Ketua Umum KADIN (dok KADIN INDONESIA)

INDUSTRY.co.id - Jakarta- Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) Rosan Roeslani said he was optimistic that 40 percent of foreign exchange export proceeds could return to the country and be converted to rupiah. This step was taken to re-strengthen the rupiah exchange rate against the US dollar. Until now, the DHE brought home by entrepreneurs has only reached the level of 13.7%, but according to Rosan that number will increase.

"If yesterday was still 13.7%, friends (exporters) said it could be up to 40% within a year," he said at the Coordinating Ministry of Maritime Affairs, Jakarta, Tuesday (09/18/2018).

According to Rosan because the entrepreneurs had previously met and committed themselves to the government to bring DHE back to Indonesia.

"The commitment has been requested (exporters) and has been asked how many details can be converted, how many are in need of goods. This is already underway," he added.

Previously, Bank Indonesia (BI) recorded export earnings (DHE) which were exchanged into rupiahs only reaching US $ 4.4 billion per quarter II-2018.

The data was conveyed by BI Governor Perry Warjiyo during a working meeting (Raker) with the House of Representatives Commission XI on the explanation of the weakening of the rupiah value, Jakarta, Wednesday (05/09/2018).

Perry said that the total export value in the second quarter of 2018 was US $ 43.7 billion, while the total export earnings from exports returned to the village amounted to US $ 34.7 billion.

"DHE entering the banking sector is US $ 32.1 billion, or approximately 92.4%," Perry said

News Comment

Today's Industry

Construction of RISHA housing units. Photo by: PR of Ministry of Public Works and Public Housing.

Selasa, 18 Mei 2021 - 23:05 WIB

Gov’t Builds Houses for Disaster-Hit Communities in East Nusa Tenggara

Ministry of Public Works and Public Housing has started the reconstruction of permanent housing for communities affected by flash floods and landslides in the Province of East Nusa Tenggara.

Coordinating Minister for Human Development and Culture Muhadjir Effendy and Minister of Transportation Budi Karya Sumadi (Photo by: PR of Ministry of Transportation)

Selasa, 18 Mei 2021 - 22:00 WIB

Transportation Minister Urges Passengers Passing Through Bakauheni Port to Take COVID-19 Antigen Test

In a bid to anticipate reverse flow traffic after Eid al-Fitr, passengers passing through Bakauheni Ferry Port are required to take a mandatory rapid antigen test prior to their departure as…

The signing situation of an offtake agreement, PT Citra Borneo Utama (CBU) and Grand Resources Group (Singapore) Pte, Ltd. (Photo: PT Sawit Sumbermas Sarana Tbk Public Relations)

Selasa, 18 Mei 2021 - 20:55 WIB

Citra Borneo and Grand Resources Sign Stearin and Olein Offtake Agreement

Pangkalan Bun - PT Citra Borneo Utama (CBU) and Grand Resources Group (Singapore) Pte, Ltd. (GRGS) virtually signed an Offtake Agreement for the provision of palm oil derivative products, namely…

Coordinating Minister for Economic Affairs Airlangga Hartarto

Selasa, 18 Mei 2021 - 20:01 WIB

Chief Economic Minister: Economic Recovery Continues in Q2

Indonesia’s national economy will continue to recover and show an upward trend in the second quarter of 2021, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.

A virtual press conference on the anticipation of people mobility and prevention of the COVID-19 spread after Eid al-Fitr period, Saturday (15/05). Photo by: PR of Coordinating Ministry for Economic Affairs

Selasa, 18 Mei 2021 - 19:08 WIB

Gov’t Imposes COVID-19 Random Test, Mandatory Check Policy for Reverse Exodus Travelers

In a bid to anticipate reverse-exodus after Eid al-Fitr period and prevent the spread of COVID-19, the Government has announced it will impose a policy on COVID-19 random-test and mandatory-check…