Indonesia mandates exporters to keep 100% of export proceeds onshore to stabilize Rupiah.

Jakarta announced on Tuesday that all exports with a shipping document valued at $250,000 or more will be subject to the new regulation effective March 1.

At present, exporters are mandated to retain only 30% of their total earnings for a minimum period of three months.

This requirement has led to increased interest costs for some exporters, Reuters said.