Business · Trade · 56 mins ago

Indonesia Plans to Ease Rules on Export Earnings

Indonesia Plans to Ease Rules on Export Earnings

Indonesia is preparing its fourth revision of rules for natural-resource export earnings, known as DHE SDA.

The government plans to finish the changes by the end of November 2026.

South Korea, Japan and the European Union would join five destinations already eligible for relaxed rules on placing export earnings in Indonesia.

The government says the changes take account of trade ties and investment, and are intended to give exporters more flexibility while supporting Indonesia's financial market.

Exporters would also be able to convert up to 100% of their export earnings into rupiah, instead of the current limit of 50%.

The government has approved Bank OCBC NISP as an additional bank for holding these funds, bringing the total to 16.

The changes are still being prepared as part of an amendment to Government Regulation No.

36 of 2023.

1 source

Related

What people are saying

Airlangga HartartoCoordinating Minister for Economic Affairs
The government periodically evaluates policies to maintain stability and ensure exports can run well.
via Detik
The relaxation can allow conversion not just of 50%, but up to 100%.
via Detik
Oza OlaviaHead of the National Single Window Agency
Conversion to rupiah has fallen quite significantly, by up to minus 37.4%, while foreign-currency retention has increased.
via Detik