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Depositing export earnings in foreign banks now legal violation

Depositing export earnings in foreign banks now legal violation

The government is to start fining people who violate a new regulation intended to force exporters to keep their foreign exchange earnings from natural resources in the Indonesian financial system. Finance Ministerial Regulation (PMK) No. 98/2019 on tariffs and administrative punishment imposes fines and outlines the procedures for imposing levies. […]

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