OJK Tightens Oversight of Escrow Accounts to Support the DHE SDA Foreign Exchange Policy

Jakarta — The Financial Services Authority (OJK) will specifically supervise escrow accounts used by banks in implementing the foreign exchange proceeds from natural resource exports policy (DHE SDA). As is known, the government will implement new rules relating to DHE SDA set forth in Government Regulation No. 2 of 2026 and Government Regulation No. 21 of 2026, effective 1 June 2026. ‘We ensure that the banking industry support operates prudently, orderly, and with integrity. Specifically, OJK will supervise escrow accounts used in implementing this policy,’ said OJK Commissioner Friderica Widyasari Dewi at a dissemination event on export governance with the natural resource exporters association in Jakarta on Thursday. Friderica, or ‘Kiki’, explained that OJK already has adequate provisions to supervise the escrow accounts. Operationally, OJK continues to strengthen coordination with the relevant ministries and agencies, including Bank Indonesia and the Ministry of Finance. The Authority will coordinate with the Ministry of Finance and Bank Indonesia by delivering examination results on escrow accounts when further sector-wide examinations are needed. ‘OJK will continue to strengthen coordination with the relevant ministries and agencies. With Bank Indonesia of course, OJK will coordinate with the Ministry of Finance by delivering the examination results regarding the escrow accounts if necessary,’ she said. Kiki affirmed that the implementation of the DHE SDA policy will continue to maintain financial system stability. Under the latest policy, natural resource exporters are required to place 100 percent of their foreign-exchange proceeds into the State-Owned Banks’ Association System (Himbara). Exporters are also required to allocate at least 30 percent of the DHE SDA to the oil and gas sector and 100 percent to the non-oil and gas sector in a special account within the Himbara system. The funds placement is valid for at least three months for oil and gas commodities and 12 months for non-oil and gas. In addition, the cap on converting DHE foreign-exchange to rupiah has been reduced from 100 percent to a maximum of 50 percent. Meanwhile, for the implementation of bilateral trade agreements, DHE SDA originating from the mining sector must be placed with a retention of at least 30 percent for a minimum of three months and may be placed in non-Himbara banks.