The Discourse On Gold Exit Customs Is Considered To Be An Import Rem For Domestic Needs

JAKARTA - Citibank, NA, Indonesia (Citi Indonesia) has opened its voice regarding the government's plan to implement exit duties for gold commodities and their derivatives.

Head of Citibank Indonesia Economist Helmi Arman assessed that the policy seems to be designed to hold the flow of gold out to the international market, so that domestic supplies are maintained without having to rely on imports.

"My guess is that the goal is to put a brake on imports for domestic needs. Because we know, right now there is a disruption or disruption in one of the major mines in Indonesia," Helmi said when met after a press conference on Economics and Financial Performance Citi Indonesia Quarter III-2025 in Jakarta, Tuesday, November 18.

If domestic supplies are disrupted while gold is still being exported, according to Helmi, Indonesia will need more imports to cover the shortage. The exit duty policy is considered to be the government's strategy to reduce the pressure.

Helmi did not deny that there would be an impact on the international gold market. However, he said, Citi Indonesia has not calculated the magnitude of this influence.

"We haven't calculated the impact on global gold prices, maybe there are but we haven't counted them yet," he said.

Previously, the Ministry of Finance (Kemenkeu) would impose an exit fee for gold commodities next year. This is as stated in the State Revenue and Expenditure Budget Law (APBN).

Director General of Economic Strategy and Fiscal Affairs of the Ministry of Finance Febrio Kacaribu said the rules for implementing the imposition of gold exit duties are being drafted in a Minister of Finance Regulation (PMK) which has entered the stage of finalizing the legislation.

"Although 2026 is not yet running, we are almost finished with the implementation of this policy (the gold test), which is currently being finalized at the legislation stage," explained Febrio in a meeting with Commission XI of the DPR RI at the Parliament Complex, Senayan, Jakarta, Monday, November 17.

He hopes that this policy can become an additional source of state revenue in 2026 in the future.

"This has gone through the harmonization stage and we will invite this soon and then we will make sure that later in 2026 we will make donations for state revenues," he explained.