BI Expands DHE SDA Placement in Banks, Not Just in USD
Its aim is to permit foreign currencies other than the United States dollar (USD) to be deposited in Himbara, the state-owned bank alliance. The expansion of the term deposit scheme would allow foreign currencies to be placed in state-owned banks for tenors of up to 12 months.
Bank Indonesia Governor Perry Warjiyo said that, as a result, the DHE SDA placement, which had been dominated by the USD, could shift because exporters would also be able to utilise non-USD currencies such as the Chinese yuan.
‘We will also broaden the currencies beyond the USD; now we will also expand non-USD currencies. As you are aware, we have deepened the domestic foreign exchange market, and the Chinese yuan is now traded domestically,’ Perry said at a public briefing on rules for export governance at the Office of the Coordinating Ministry for Economic Affairs, Jakarta, Thursday 21 May 2026, quoted by Antara.
Perry stated that the move is in line with BI’s efforts to deepen the domestic FX market, particularly by strengthening Local Currency Transaction (LCT) with China. Last year, the value of local currency transactions with China exceeded more than USD 25 billion per year. This year, it has reached around USD 3.7 billion per month.
‘We have already cooperated with these banks, as well as with the central bank in China, that domestically there are transactions,’ Perry said. ‘Under these conditions, businesses holding Chinese yuan can now directly execute a variety of transactions in the domestic market, from spot cash transactions, swaps, to forwards.’
The development of the DHE SDA policy is also being carried out alongside the expansion of instruments for placing funds to give exporters greater flexibility in managing export proceeds. As is known, the government will implement new rules related to DHE SDA set out in Government Regulation No. 2 of 2026 and Government Regulation No. 21 of 2026, starting 1 June 2026.
Under the policy, exporters of natural resources are required to place 100 percent of export proceeds into the Himbara system. Exporters are also required to place at least 30 percent of the DHE SDA for the oil and gas sector and 100 percent for the non-oil and gas sector into dedicated accounts within the Himbara system.
The placement of funds applies for a minimum of three months for oil and gas commodities and 12 months for non-oil and gas. Additionally, the cap on converting foreign currency-denominated export proceeds to rupiah has been reduced from 100 percent to a maximum of 50 percent.