DHE Rules Relaxed, Mining Exporters Can Park Forex for 3 Months

Jakarta - The government has provided relaxation for mining sector exporters in placing export proceeds from natural resources (DHE SDA). Through the implementation of Article 18A of Government Regulation (PP) Number 21 of 2026, exporters meeting the criteria may now place at least 30% of DHE SDA for a minimum of three months, including in non-state-owned foreign exchange banks.

The provision takes effect for Export Customs Notifications (PPE) from 1 September 2026.

The Coordinating Ministry for Economic Affairs established the facility specifically for mining sector exporters with ownership links to investors from partner countries designated by the government.

“Article 18A is a facility whose utilisation is optional for mining sector exporters meeting the criteria,” the ministry stated, as quoted on Saturday (29/8/2026).

Five countries have been designated by the government as meeting the criteria for this facility: the United States, China, Hong Kong, Australia, and Canada.

These five countries were selected because they represent the largest investment value in Indonesia’s mining sector and have bilateral trade agreements or trade understandings with Indonesia.

Not all mining exporters can enjoy the Article 18A facility. The government has set three conditions that must be met simultaneously.

First, the exporter must be a limited liability company (PT) operating in the mining sector. Second, the company must have at least one shareholder from the five designated countries. Third, that shareholder must hold a minimum ownership stake of 10%.

Based on Export Customs Notification (PPE) data from the Directorate General of Customs and Excise for the period March 2025 to July 2026, the government identified 537 taxpayer identification numbers (NPWP) of mining companies.

After matching with data from the Directorate General of General Legal Administration (Ditjen AHU), only 64 NPWPs, or approximately 12%, meet the Article 18A criteria.

The list of qualifying exporters will serve as the basis for monitoring DHE SDA obligations. The list for September 2026 PPE will be published no later than the second week of October 2026 through Bank Indonesia’s official website and will be reviewed monthly.

One of the important changes through Article 18A is the choice of bank where exporters place their DHE SDA.

The government has designated 15 foreign exchange banks that may be used by exporters utilising this facility. This comprises five state-owned foreign exchange banks and 10 non-state-owned foreign exchange banks.

The five designated state-owned foreign exchange banks are Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Tabungan Negara (BTN), and Bank Syariah Indonesia (BSI).

Meanwhile, the 10 designated non-state-owned foreign exchange banks include Standard Chartered Bank, Deutsche Bank AG, MUFG Bank, Ltd., JP Morgan Chase Bank, N.A., Citibank, N.A., Bank of China, PT Bank ICBC Indonesia, PT Bank China Construction Bank Indonesia Tbk, PT Bank SMBC Indonesia Tbk, and PT Bank HSBC Indonesia.

With the Article 18A facility, mining exporters may place at least 30% of DHE SDA for a minimum of three months at the designated foreign exchange banks.

The Article 18A facility is optional. This means exporters meeting the criteria may still choose not to use the facility.

However, exporters choosing not to utilise it must submit a statement letter or opt-out no later than five working days after the announcement.

If the letter is not submitted, exporters meeting the criteria will be deemed to have automatically chosen to use the Article 18A facility.

The choice also applies as a single package and cannot be split, whether regarding the time period, placement amount, or the bank where the DHE SDA is placed. The choice to utilise the facility is made only once.

Exporters not using Article 18A remain subject to the provisions of PP 2/2026. For non-oil and gas mining, 100% of DHE SDA must be placed for a minimum of 12 months at state-owned foreign exchange banks. Meanwhile, for oil and gas mining, the obligation is placement of at least 30% for three months at state-owned foreign exchange banks.

The DHE SDA policy itself is the implementation of the mandate of Article 33 paragraph (3) of the 1945 Constitution so that natural resources are used for the greatest prosperity of the people.

This policy is part of the government’s efforts to maintain macroeconomic stability, deepen the domestic financial market, and encourage development financing, investment, and downstreaming of natural resources.