BNI Export Result Foreign Exchange Grows 66 Percent In August 2023

JAKARTA - PT Bank Negara Indonesia (Persero) Tbk (BBNI) recorded that the collection of Export Result Foreign Exchange (DHE) grew by 66 percent in August 2023. This amount is compared to the period of June 2023.

President Director of BNI Royke Tumilaar explained that the total number of DHEs that the company managed to collect was in various forms such as deposits, exports, giro, savings, and foreign exchange terms.

"At this early stage, we saw the interest of exporters to use domestic banking products, such as guarantees to better cash collateral credit, so that in the future it will become a service that we can strengthen," said Royke quoting Antara.

He said the performance achievement was a form of the company's commitment as a Association of State-Owned Banks (Himbara) that proactively supports various government global travel programs, especially maintaining the stability of the rupiah exchange rate.

He continued, the company already has a modified trade finance product that is even better, especially in attracting stronger domestic DHE placements, which is reinforced by a special pricing program and assistance in the issuance of global trading instrument documents.

Furthermore, the company has an FX swap product to meet the liquidity needs of the rupiah from foreign mutual exchange (varilas) owners.

"This foreign exchange scheme into rupiah has a period of time that can be adjusted to its reporting obligations. This product offers a lighter cost and a more flexible transaction period for exporters," said Royke.

As is known, the government has set a policy requiring at least 30 percent of DHE to be placed in Indonesia's financial system for a minimum of three months, which will take effect on August 1, 2023, and apply to export goods from business activities, management, and/or natural resource processing (SDA).