Government Conducts Socialization Of Foreign Exchange Rules For Latest Export Results On Banking

Secretary of the Coordinating Ministry for the Economy Susiwijono Moegiarso. (Photo: Doc. Antara)

JAKARTA - The government has updated regulations regarding Natural Resources Export Result Foreign Exchange (DHE) (SDA) through Government Regulation (PP) Number 8 of 2025 to optimize the use of natural resources for the welfare of the community.

Meanwhile, the regulation is a refinement of Government Regulation (PP) Number 36 of 2023.

DHE's own policy from the start was aimed at ensuring foreign exchange remains in Indonesia, is exchanged for rupiah, and used in the country, so that it remains optimal in contributing to the national economy.

Secretary of the Coordinating Ministry for Economic Affairs Susiwijono Moegiarso said that in the socialization of PP Number 8 of 2025, it was carried out in a hybrid manner to the banking sector because it had a strategic role in implementing this policy.

"In its implementation, the implementation of PP Number 8 of 2025 concerning DHE SDA will later become the spearhead, becoming the frontline that will serve our exporters," he said in his statement, Tuesday, February 25.

Susiwijono said that PP No. 8 of 2025 is not a completely new policy because policies related to DHE SDA have started since 2011, updated in 2019, and then perfected through PP No. 36 of 2023.

According to Susiwijono, PP Number 8 of 2025 itself is only a change from several previous rules with changes to several main points, so its implementation should be quite familiar to all parties.

Meanwhile, Susiwijono conveyed that the socialization related to PP Number 8 of 2025 will continue until next Friday by inviting associations of oil and gas and non-oil and gas business actors.

On the same occasion, Deputy for Coordination of Business Management and Development of State-Owned Enterprises, Coordinating Ministry for Economic Affairs Ferry Irawan, explained in detail the contents of PP Number 8 of 2025.

Ferry said that the Government's efforts to optimize policies in PP Number 36 of 2023 to PP Number 8 of 2025 are also expected to contribute to the stability of the exchange rate.

Meanwhile, the implementation of the DHE SDA supervision is carried out in collaboration with the Directorate General of Customs and Excise (DJBC) of the Ministry of Finance, Bank Indonesia (BI), and the Financial Services Authority (OJK) using an integrated information system.

"The sanctions are still the same, namely the suspension of export services, then there is also a policy for exporters who are in the BI and/or OJK monitoring process. We hope this applies on March 1, 2025," explained Ferry.

The main change in the DHE SDA PP is the mandatory placement, especially the non-oil and gas SDA DHE, namely the percentage of the placement of DHE is enlarged and the placement period is extended, as well as the expansion of the use of DHE SDA during the period of internal retention in the special account (reksus) class.

For non-oil and gas commodities, 100 percent of retention is required for 12 months, while oil and gas still refers to PP Number 36 of 2023, which is 30 percent in 30 months of retention.

Specifically for non-oil and gas, the use of DHE SDA can be carried out during the retention period as long as it is still placed in the foreign exchange scheme, namely for the purpose of exchanging to rupiah at the same bank by referring to BI provisions, including the exchange mechanism for customers of the Indonesian Export Financing Agency (LPEI) will be regulated by BI, payments in foreign exchange for obligations to the Government, dividend payments in foreign exchange, payment for imports of goods and services in the form of raw materials, and payment for loans for the procurement of capital goods in foreign exchange.

Exporters must submit to the Bank or LPEI in the form of evidence of using DHE SDA for foreign exchange payments and a statement on the use of DHE SDA for payments for the procurement of goods and services as well as loans.

Then, changes in the obligation to place and expand the use of non-oil and gas SDA DHEs have implications for the monitoring mechanism.

Supervision of non-oil and gas placement obligations can be carried out at any time through examination of banks and LPEI (post audits) in accordance with statutory provisions.

When PP comes into effect, exporters who are in the process of supervising the fulfillment of their obligations based on PP 36 of 2023 are declared to have fulfilled all their obligations.