Indonesia's central bank has issued a new rule which could make exporter to receive payments faster, as an effort to ease the impact of the global financial routs in the country which rely on its exports, a statement from the bank website said on Tuesday.

The squeeze on the US dollars liquidity due to investors' fears on the global capital flight from risky assets at emerging market has caused complaints among companies over obtaining financing, amid the wakening of monthly export due to the fall of demand.

Indonesia's export begun to drop in October by 11.61 percent to US$10.81 billion compared to those of in September, the statistic agency said.

The country exports include oil, coal, palm oil, rubber, and fabricated goods such as textiles.

The new policy rules that commercial banks may sell export receivables, the monies owed to an exporter by the importer, to the central bank.

This shortened the time for an exporter to get payment, which typically can be as long as 6 months, and may help decline demand for foreign currencies and weakened selling pressure on the rupiah.

　 "The exporters, through the bank," will obtain export proceed faster to get working capital needs than waiting for the deadline of the payments from overseas buyers, " the bank said in a statement in website of www.bi.go.id.

The central bank governor Boediono said in the statement that exporters can have liquidity both in foreign exchange and in rupiah, so that it would ease pressure on the rupiah exchange rate, saying that this should be good for the economy.

(Xinhua News Agency December 9, 2008)