100% Natural Resource Export Proceeds Mandatory in State-Owned Banks, OJK Discusses Impact
Jakarta, CNBC Indonesia — The Financial Services Authority (OJK) believes the transition period for the new regulation regarding the 100% placement of Natural Resource Export Proceeds (DHE SDA) through State-Owned Enterprise (BUMN) banks will proceed smoothly. This new provision is stipulated in Government Regulation (PP) Number 21 of 202<0xC2>6, which becomes effective on 1 June 2026.
Regarding the potential for excess foreign exchange (FX) liquidity, OJK Executive Head of Banking Supervision, Dian Ediana Rae, stated that net foreign exchange position (PDN) regulations are vital for the banking industry. According to him, as long as the foreign exchange level does not exceed established limits, exchange rate risk exposure can be maintained.
“So far, we do not yet know what the actual realisation will be. However, I expect there will be a transition period, and hopefully, this transition will not be too difficult to navigate,” said Dian when met at the Perbanas Institute on Tuesday (2/6/2026).
He noted that the national banking industry already has experience in managing DHE SDA. Dian also reminded that there are specific exceptions allowing exporters from partner trading countries to place DHE SDA in private banks. Therefore, it is necessary to first examine the regulations regarding such exceptions.
“Therefore, I predict that the issues related to DHE are not actually too complicated and will not be too difficult,” Dian remarked.
Regarding private banks that had previously expressed objections to this regulation, he reiterated that exceptions exist for certain countries to place DHE SDA in private banks. According to Dian, affected private banks will undergo slight adjustments to comply with the latest DHE SDA provisions. Nevertheless, he believes there will be no significant issues for private banks regarding this adjustment.
“But my prediction is that it will not be too problematic. We will likely be able to navigate this transition period well,” he added.
Previously, the Ministry of Finance, through an official statement, revealed that this policy is part of an effort to increase domestic foreign exchange retention to strengthen national economic resilience and bolster the stability of the national financial system.
Finance Minister Purbaya Yudhi Sadewa stated that the Government requires natural resource exporters to repatriate DHE SDA into the country with a 100% compliance rate. The policy is designed so that natural resource export proceeds can provide optimal benefits to the national economy by increasing foreign exchange liquidity, thereby supporting exchange rate stability and aiding national development financing.