Three Revisions: Are Export Proceeds Parking Regulations Becoming More Relaxed?

The government has officially implemented new provisions regarding Export Proceeds (DHE) from Natural Resources (SDA) through Government Regulation (PP) Number 21 of 2026. This regulation has undergone three revisions within a three-year period.

The first version of this regulation was Government Regulation (PP) Number 1 of 2019, concerning Export Proceeds from Natural Resource exploitation, management, or processing activities. This policy was subsequently revised into Government Regulation No. 36 of 2023, which mandates exporters to deposit, place, and utilise Export Proceeds from natural resource activities within the Indonesian financial system to strengthen national foreign exchange reserves and the economy.

Economist and Professor at the Faculty of Economics and Business, Andalas University, Syafruddin Karimi, stated that the three revisions to PP 36/2023 in less than three years do not automatically prove that all changes are relaxing the rules. According to his records, PP 8/2025 and the second revision actually tightened the obligations for retaining natural resource export proceeds.

“However, the high frequency of changes still signals that the initial policy design has not fully matured in analysing the behaviour of large exporters, corporate foreign exchange requirements, banking readiness, and the impact on trade contracts,” he told Kompas.com on Tuesday (2/6/2026).

In the context of public policy, he added that changes in regulations are natural when global risks shift, the Rupiah faces pressure, and the country requires a stronger supply of dollars. According to him, the issue lies in the quality of planning and the consistency of direction. When the government repeatedly alters retention portions, placement locations, timeframes, and exemptions, the market may perceive the state as searching for a solution through policy experimentation.