Raw commodity exporters will soon be required to use letters of credit for their export transactions, which the government says will allow it to better monitor export payments in order to boost the country’s foreign exchange reserves.

TEMPO Interactive, Jakarta:The government will soon issue a regulation annulling the amendment of Government Regulation no. 63/2003 on Value Added Tax Application and Luxury Goods Sales Tax in free trade zones of Batam, Bintan, and Karimun.