Prabowo Reveals Export Proceeds from Coal and Palm Oil Not Kept in Indonesia

Jakarta, CNBC Indonesia - President of the Republic of Indonesia Prabowo Subianto has been candid about the export proceeds from commodities in both mining and plantation sectors. These export proceeds are not being placed in Indonesia.

Initially, President Prabowo emphasised that it is impossible for Indonesia’s 287 million citizens to live prosperously if their wealth is taken away every day, week, or month.

He gave the example of palm oil, where the export proceeds are not kept in Indonesia. In addition, “Our coal is sold, and the export proceeds are not kept in Indonesia. The sale of tin and the sale of gold (are the same). The data is there, the facts are there,” explained Prabowo at the Handover of Administrative Fines and Forest Area Land event at the Attorney General’s Office, Jakarta, on Wednesday (13/5/2026).

It is known that the Prabowo administration will revise the regulations on Export Proceeds from Natural Resources (DHE SDA), to be implemented starting 1 June 2026.

“Finally, regarding the regulation on Export Proceeds from Natural Resources (DHE SDA), the revision and amendment to PP 8 (Government Regulation No. 8 of 2025 amending PP No. 36 of 2023) has been finalised and will be implemented as of 1 June 2026,” said Coordinating Minister for the Economy Airlangga Hartarto some time ago.

Airlangga assured that all DHE SDA must enter state-owned banks (Himbara) for a minimum of 12 months and be converted to rupiah, with a maximum of 50% of the total DHE SDA for the company or exporter.

Specifically for the extractive sector, oil and gas, the government applies an exception to the placement duration, namely for 3 months. Previously, it was stated that exporters could also place funds in domestic-issued foreign currency government securities. In line with that, the government is issuing domestic foreign currency government securities to accommodate excess foreign currency from DHE while deepening the market.

Thus, the location of special accounts or reksus is now only required to be opened at Himbara banks that conduct business in foreign currency owned by the state in accordance with legal regulations, whereas previously it could be done at LPEI and/or general banks conducting business in foreign currency.