JAKARTA - The government continues to improve the implementation of the foreign exchange policy for the export of natural resources (DHE SDA), including by expanding the list of countries that receive exemptions.
For information, the DHE SDA policy will be implemented starting June 1, 2026 through Government Regulation (PP) Number 21 of 2026.
This regulation provides an exemption for trading partner countries that have bilateral agreements or understandings with Indonesia, including regarding the placement of DHE SDA retention outside the State Bank of the State Bank (Himbara).
Minister of Finance Purbaya Yudhi Sadewa explained that the meeting focused on discussing the list of countries that would be exempted, the technical mechanism for implementing the policy, and the designation of banks authorized to accommodate DHE SDA.
"DHE has been around for a long time. We meet to determine which countries are excluded. Then which banks can accommodate DHE. Then which companies will be searched for, what is the technicality," he told the media, Thursday, July 23.
He hinted that the number of countries that receive exemptions will increase, not just the United States (US).
However, Purbaya has not revealed the list of countries because it will be announced directly by Coordinating Minister for Economic Affairs Airlangga Hartarto.
"Later, Mr. Coordinating Minister. There is, but later every three months will be reviewed. So there is no problem if there are shortcomings as well. This is the important thing. This is from June, August. June, August, September," he explained.
Furthermore, Purbaya assessed that the implementation of the DHE SDA policy, which has been in effect since June 2026, is expected to begin to have an impact on increasing the flow of foreign exchange into the country in the coming months.
According to him, this condition is believed to provide support for strengthening the rupiah exchange rate.
"So it is effective that the money will come here. So it should be that the rupiah will get stronger," he said.
According to the latest provisions, all exporters of natural resources sectors are required to repatriate 100 percent of the export proceeds into the Indonesian financial system and place them in a special account in the country.
The retention of DHE SDA in principle must be placed in Himbara banks. However, this provision does not apply to exporters who trade with countries that have bilateral agreements or certain agreements with Indonesia.
For these export groups, the retention of the mining sector DHE is quite large at 30 percent for at least three months and is allowed to be placed in non-Himbara banks.
In addition, the government also revised the provisions for converting DHE from foreign exchange to rupiah, if previously exporters were required to convert up to 100 percent, the maximum limit for conversion was reduced to 50 percent.
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