Jakarta, Feb. 18 -- The Indonesian government's move to mandate companies to deposit all foreign exchange earnings from natural resource exports is expected to stabilize the rupiah's exchange rate, according to the Indonesian Business Council (IBC).

Chairman of the council's supervisory board, Arsjad Rasjid, noted that the policy, outlined in Government Regulation No. 8 of 2025, serves as a protective measure for Indonesia against severe impacts of potential monetary crises similar to the one experienced in 1998.

"We should focus on the policy's benefits to this nation instead of using a negative point of view. This policy can help us solidify our economy by keeping the rupiah exchange rate stable," he remarked after attending the Indon...