Exporters from Four Nations, Including China and US, Allowed to Park Natural Resource Export Proceeds Outside State Banks

The government is providing a special relaxation for exporters from four partner countries to park their Natural Resource Export Proceeds (DHE SDA) outside state-owned banks, or Himbara. The four countries are China, the United States, Australia, and Canada.

Coordinating Minister for Economic Affairs Airlangga Hartarto stated that this leniency was granted in line with bilateral cooperation agreements between Indonesia and these countries. “The exemption is given to several countries with which we have bilateral cooperation, including China, America, then Australia, and Canada,” Airlangga said at the Coordinating Ministry for Economic Affairs office in Jakarta on Thursday (23/7/2026).

Nevertheless, Airlangga emphasised that the relaxation only applies to the choice of depository bank. This means exporters from these four countries can still place DHE SDA in special accounts at non-Himbara banks originating from their respective countries.

This provision is regulated in Article 18A of Government Regulation (PP) No. 21/2026, which replaces PP No. 8/2025. The regulation still mandates 100 percent repatriation of DHE SDA into the Indonesian financial system.

In the new regulation, the government has also tightened retention requirements. Oil and gas sector exporters are required to retain at least 30 percent of DHE SDA for three months, while non-oil and gas exporters must place 100 percent of DHE SDA for 12 months. The conversion of foreign exchange into rupiah is also capped at a maximum of 50 percent.

However, specifically for exporters from these four countries, the 30 percent retention obligation for three months in the mining sector is permitted to be placed in non-Himbara banks.

Deputy for Economic and Investment Cooperation Coordination at the Coordinating Ministry for Economic Affairs, Edi Prio Pambudi, said the relaxation was granted to maintain the investment climate. According to him, the policy is based on the capital ownership or origin of the company’s investors, not the export destination country.

“The ownership is also regulated in the PP. What is being protected is the investment. We don’t want them to have invested heavily, only to be disrupted,” Edi explained at the Coordinating Ministry for Economic Affairs office in Jakarta on Thursday (23/7/2026).

Edi gave an example of a foreign company that invests heavily in Indonesia’s mining sector, but whose production output is not entirely exported to the investor’s home country, but to other nations.

Edi added that the 30 percent retention amount for three months for exporters from the four countries is not yet permanent and will continue to be evaluated. The government will monitor the effectiveness of the policy periodically every three months.

“Every three months we will review the evaluation. If it is positive, it may be continued. But if there is a sudden change, it will certainly be conveyed. The main goal is to protect us, so that the rupiah is not continuously eroded,” he stressed.

Currently, the government, along with relevant ministries and agencies, is still finalising the governance of the policy. The process is targeted for completion within the next two to three days, while initial implementation will still refer to the provisions in PP No. 21/2026.

Regarding supervision, Edi assured there are no loopholes for exporters to avoid the obligation to place DHE. Foreign exchange flow supervision will be carried out in an integrated manner by the Ministry of Finance, Bank Indonesia (BI), and the Financial Services Authority (OJK).

“There is data, the flow. Primarily for transparency. We must not allow them to reap profits from here, only for the funds to suddenly end up in another country,” he concluded.