Government Discusses DHE with BI-OJK, List of Exempt Countries to be Expanded
Jakarta - Minister of Finance Purbaya Yudhi Sadewa revealed the contents of a meeting between the government, Bank Indonesia (BI), and the Financial Services Authority (OJK) regarding the implementation of the Export Proceeds (DHE) regulation, held at the Coordinating Ministry for Economic Affairs on Thursday (23/7/2026).
According to Purbaya, the meeting discussed which countries will be exempted from the DHE rules and which banks are eligible to hold the export earnings in US dollars. "We will add more [exempt countries]," Purbaya said when asked about the list of nations, adding that Coordinating Minister Airlangga Hartarto would provide further details later.
Despite the exemptions, Purbaya assured that the countries would be evaluated every three months, so any potential shortfall in foreign exchange receipts should not be an issue. He emphasised that the policy, effective from June to September, would ensure that foreign exchange enters Indonesia. "So, the rupiah should strengthen further," he stated.
The meeting was attended by Deputy Minister of Trade Dyah Roro Esti Widya Putri, Deputy Minister of Foreign Affairs Arif Havas Oegroseno, Bank Indonesia Senior Deputy Destry Damayanti, and OJK Chief Executive of Banking Supervision Dian Ediana Rae.
Under Government Regulation Number 21 of 2026 on DHE, the United States is currently a trading partner exempt from the obligation to retain export earnings in Indonesia for 3 to 12 months at state-owned banks (Himbara). The regulation requires exporters to place a minimum of 30 per cent of natural resource export earnings for the oil and gas sector and 100 per cent for the non-oil and gas sector in special accounts within the Himbara system. The placement period is a minimum of three months for oil and gas commodities and 12 months for non-oil and gas. The regulation also reduces the mandatory conversion of foreign exchange DHE into rupiah from 100 per cent to a maximum of 50 per cent.