Foreign exchange for natural resource exports is required to be deposited in Indonesian state-owned banks for one year.

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The Minister of Finance recently confirmed thatRevised Foreign Exchange Regulation on Export Earnings (DHE) comes into force on January 1, 2026. This meansExporters of natural resources (SDA) are required to deposit foreign exchange funds with the State-owned banking group (Himbara) for a period of not less than one year. Updated regulations will be issued in the near future.Bank Indonesia (BI) will also be synchronized with the introduction of supporting technical regulationsHe explained that the government regulations have been discussed, harmonized and coordinated. He explained that the government regulations had been discussed, articulated and harmonized, and were only awaiting the issuance of implementing regulations by the BI for implementation on the ground.

According to the document "Strategy for Enhanced Domestic Foreign Exchange Liquidity Policy" issued by the Ministry of Finance to the banking industry, from January 1, 2026, theMake it mandatory for foreign exchange earnings of natural resource exporters to be deposited only in Himbara. While the previous regulations did not specifically limit the banks that could receive DHE SDA, the new rules are expressly limited to Himbara.

The new regulations also include a number of adjustments:

1. Reduce the upper limit on the percentage of foreign exchange earnings converted into rupiah from TP1,001 to a maximum of TP3,501.;

2. Expanding the range of uses of foreign exchangeIt is no longer limited to the procurement of commodities that cannot be produced domestically, but can also be used for the procurement of general goods and services and for working capital requirements;

3. Allow exporters to invest funds in foreign currency sovereign bonds (SBN valas) issued domesticallyThe Government will synchronize the issuance of such bonds to absorb excess foreign exchange and deepen the local currency bond market. The Government will synchronize the issuance of such bonds to absorb excess foreign exchange and deepen the local currency bond market.

In the revised version regarding the location of the dedicated account (reksus).The new regulations require accounts to be opened in a Himbara that conducts foreign exchange business and is owned by the StateIn contrast, the old regulation allowed for the opening of LPEIs and/or banks generally engaged in foreign exchange operations. This further centralizes the management of foreign exchange funds and enhances regulatory and liquidity control.

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