More Countries to Be Exempted from New Natural Resource Export Proceeds Rule

Finance Minister Purbaya Yudhi Sadewa has indicated that the list of countries exempted from the new regulation on Natural Resource Export Proceeds (DHE) is likely to expand. The government had previously stated that the United States was among the countries granted an exemption from the rule.

Purbaya made the statement after attending a coordination meeting led by Coordinating Minister for Economic Affairs Airlangga Hartarto. Investment Minister Rosan Perkasa Roeslani and representatives from Bank Indonesia were also present at the meeting.

According to Purbaya, the meeting discussed which countries would be exempted. “We are determining which countries are exempted. Then, which banks can accommodate the DHE, which companies are involved, and the technical details will be worked out later,” he said when met after the meeting on Thursday, 23 July 2026.

The new DHE regulation requires exporters to bring their foreign exchange earnings back into the country. The aim is to strengthen national foreign exchange reserves and maintain the stability of the rupiah exchange rate. This provision is stipulated in Government Regulation Number 21 of 2026, which came into effect on 1 June 2026. The policy also includes exemptions or relaxations for certain trading partner countries.

The State Treasurer declined to disclose which countries would receive the exemption. However, he expressed optimism that the implementation of the rule, which is already in effect, would strengthen the currency. “This regulation has been effective since June. The money will flow in here. So, the rupiah should strengthen further,” he said.

Citing the Ministry of Finance’s website, the DHE regulation requires non-oil and gas exporters to place 100 percent of their natural resource export proceeds in special domestic accounts for a minimum of 12 months. Meanwhile, oil and gas exporters are required to place at least 30 percent of their DHE for a minimum of three months.

To support the effectiveness of the policy, the placement of DHE is carried out through state-owned banks. Furthermore, the government has set a maximum limit of 50 percent for the conversion of DHE from foreign currency to rupiah to ensure optimal management of export proceeds.