Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the exemption applies to nations with existing bilateral trade agreements with Jakarta, offering flexibility to preserve key diplomatic and economic partnerships.
“We have quite a few countries with bilateral agreements. For example, with China, the United States, Australia, and Canada,” Airlangga said here on Thursday (July 23).
The exemptions fall under Government Regulation (PP) No. 21 of 2026, an update to earlier 2023 legislation regulating export proceeds from natural resource management and processing.
Enacted on June 1, 2026, the updated framework permits targeted flexibilities to honor specific international commitments.
Under standard DHE SDA protocols, natural resource exporters must deposit 100 percent of their export earnings into accounts held with the Association of State-Owned Banks (Himbara).
Exporters are further required to retain a minimum of 30 percent of export proceeds from the oil and gas sector, and 100 percent from non-oil and gas sectors, within special Himbara accounts.
These funds must remain placed for at least three months for oil and gas commodities, and 12 months for non-oil and gas goods.
Additionally, the government has lowered the mandatory conversion limit for foreign currency proceeds into rupiah to a maximum of 50 percent, down from the previous 100 percent requirement, Airlangga noted.
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Translator: Bayu Saputra, Yashinta Difa
Editor: Azis Kurmala
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