Indonesia expands foreign exchange earnings policy for exporters

Jakarta (ANTARA) - The Indonesian government is expanding its foreign exchange earnings from natural resources (DHE SDA) policy by incorporating a wider array of designated partner countries and authorized banks, aiming to offer enhanced operational flexibility for exporters.

"The government is also strengthening the policy on foreign exchange earnings from natural resources," Coordinating Minister for Economic Affairs Airlangga Hartarto announced the policy adjustments in Jakarta on Friday (November 13).

Under Government Regulation Number 21 of 2026, eligible mining sector exporters are mandated to deposit a minimum of 30 percent of their export proceeds for at least three months into designated foreign exchange banks, which now encompass non-state-owned institutions.

This provision governs Indonesian mining companies that feature at least a 10 percent equity stake held by investors from seven designated countries or regions, including the United States, Canada, China including Hong Kong, Australia, South Korea, Japan, or the European Union.

To broaden financial channel options, the administration has authorized 11 private and foreign-backed banks alongside five major state-owned lenders - BRI, Bank Mandiri, BNI, BTN and BSI.

The newly designated institutions include Standard Chartered, Deutsche Bank, MUFG, HSBC, ICBC, JPMorgan, Citibank and OCBC NISP.

Furthermore, upcoming regulatory revisions seek to broaden the scope of eligible business entities and recognize indirect share ownership through ultimate beneficial owners (UBOs).

In a parallel development, Jakarta is establishing PT Danantara Sumberdaya Indonesia (PT DSI) as the sole intermediary for governing the export of three strategic commodities: coal, vegetable oils and ferroalloys.

Through the integrated DSI Portal (NADI) - linked with customs systems such as CEISA and the Indonesia National Single Window (SINSW) - PT DSI will oversee the verification and approval of export documents, including contracts and export declaration documents.

While commercial transactions remain strictly between private parties, exporters must process all compliance documentation through the portal.

The government targets finalizing regulatory amendments by mid-November 2026, initiating system testing on November 15, commencing a limited trial run on December 15 and achieving full operational status for the NADI portal by January 1, 2027.

Related news: Govt prepares 100 pct rupiah conversion for resource export earnings

Related news: Indonesia adds South Korea, Japan, EU to DHE SDA exemption list

Translator: Muhammad Harianto, Yashinta Difa
Editor: Primayanti
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