Jakarta, Feb. 26 -- President Prabowo Subianto is targeting additional foreign exchange of up to US$100 billion per year through the policy requiring exporters to keep forex earnings from exports of natural resources onshore.

At the inauguration of Indonesia's first bullion bank here on Wednesday, the President said that starting March 1, 2025, all companies that utilize state assets and receive credit from government banks will have to place their sales and business proceeds in domestic banks.

"This has been done by many countries for quite some time. With this policy, our forex earnings are estimated to increase by US$80 billion in 2025," he added.

According to Prabowo, the policy aims to increase national forex reserves and thereby,...