Indonesia Eases Foreign Exchange Rules for Mining Exporters

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August 30, 2026 | 02:53 pm

Secretary of the Coordinating Ministry for Economic Affairs Susiwijono Moegiarso, when interviewed by journalists at his office in Central Jakarta, July 6, 2026. Tempo/Nandito Putra

TEMPO.CO, Jakarta The Indonesian government relaxes the provision on the placement of Natural Resources Export Proceeds (DHE SDA) for mining sector exporters through Article 18A of Government Regulation (PP) Number 21 of 2026. According to the provision, mining exporters who meet the criteria can place at least 30 percent of their DHE SDA for a minimum of three months.

Secretary of the Coordinating Ministry for the Economy Susiwijono Moegiarso stated that this scheme differs from the general provisions for non-oil and gas mining sectors, which require the placement of 100 percent of DHE SDA for a minimum of 12 months. "This policy is aimed at three main objectives," he said in a written statement in Jakarta on Sunday, August 30, 2026, quoted from Antara.

“The three main objectives of the policy include supporting macroeconomic stability and deepening the domestic financial market, encouraging financing of development, especially investment and working capital for the acceleration of natural resource downstreaming, and increasing investment and export performance from the activities of exploration, management, and processing of natural resources,” he said.

Based on the Export Customs Declaration (PPE) data from the Directorate General of Customs and Excise for the period from March 2025 to July 2026, the government identified 537 Taxpayer Identification Numbers (NPWPs) of mining exporters. According to data from the Directorate General of General Legal Administration (Ditjen AHU), around 64 NPWPs, or about 12 percent of the total, meet the criteria for using the facilities under Article 18A.

This facility is optional for mining sector exporters who meet the criteria. The facility is given to limited liability companies (PTs) that are exporters operating in the mining sector and have at least one shareholder from a partner country who holds a minimum 10 percent ownership.

Furthermore, Susiwijono explained that the government has designated five countries that meet the criteria as partner countries, namely the United States, China, Hong Kong, Australia, and Canada. "These five countries are the countries with the largest investment value in the mining sector in Indonesia, and they also have bilateral trade agreements or other trade agreements with Indonesia," he added.

Not only does the relaxation apply to the amount and duration, said Susiwijono, exporters using this relaxation can also place DHE SDA in foreign exchange banks. The government has designated 15 foreign exchange banks as places for exporters to make Special Account Deposits (DHE SDA) using the facilities. These banks consist of five state-owned and 10 non-state-owned foreign exchange banks.

The special facility for DHE SDA is effective from September 1, 2026. Exporters who meet the criteria but do not wish to use the facility may choose not to use the new provisions of DHE SDA by submitting a statement to Bank Indonesia no later than five working days after the announcement of the list of exporters.

If the exporter does not submit the letter, the exporter is automatically deemed to have chosen to use the special facility. Meanwhile, exporters who do not utilize the special facility must still comply with the general provisions of DHE SDA based on Government Regulation Number 2 of 2026.

For the non-oil and gas mining sector, the provisions require the placement of 100 percent DHE SDA for a minimum of 12 months in a State-Owned Foreign Exchange Bank. As for the oil and gas mining sector, they are required to place at least 30 percent for a minimum of three months in a State-Owned Foreign Exchange Bank.

Previously, Bank Indonesia Deputy Governor Aida S. Budiman stated that a better global economic outlook is one of the assumptions for achieving higher growth. If the global economic outlook improves, Aida said, it is expected to increase Indonesia's export demand, especially from foreign direct investment and portfolio inflows.

Additionally, other assumptions include an increase in investment due to the acceleration of national strategic projects and the optimal realization of export proceeds (DHE). This includes an increase in inflows resulting from economic growth and various government measures. "Bank Indonesia also continues to strengthen synergy and measures to maintain national stability and resilience and to drive national economic growth," Aida said at the DPR RI Banggar Working Meeting in Jakarta on Thursday, August 27, 2026, quoted from Antara.

Read: Indonesia Eyes US$521 Billion Sports Industry to Drive Economic Growth

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