INDONEWSIAN.COM — The government will offer a number of incentives so that entrepreneurs can comply with the new mandatory parking regulations.export result Natural resources(DHE SDA) for 12 months in Himbara Bank.
It is known that the government has completed the draft revision of Government Regulation (PP) No. 8/2025, which previously required DHE SDA parking to be 100% for 12 months in national banks. In the future, the new regulation will require DHE SDA to be centralized only in state-owned banks.
At the press conferenceAPBN WeDecember 2025 edition, Thursday (18/12/2025), the Director General of Economic and Fiscal Strategy of the Ministry of Finance (Kemenkeu) Febrio Nathan Kacaribu explained that his party has already submitted the draft revision of PP No. 8/2025 to the State Secretariat Ministry (Setneg) to be immediately promulgated.
Febrio stated that the government wants to ensure that foreign exchange earnings from SDA exports circulate within the country. He referred to Article 3 of the 1945 Constitution, which essentially regulates that natural resources are used as much as possible for the prosperity of the community.
According to him, about eight months after the implementation of Government Regulation No. 8/2025, the regulation has not yet effectively increased foreign exchange supply within the country. Because many exporters still convert their foreign exchange into rupiah and take it abroad.
Although Febrio sees a high demand for foreign currency-denominated credit within the country. “What often happens is that it is converted into rupiah, and then many of them eventually go abroad. That is something we do not want; we want more foreign currencies to remain in Indonesia,” he told journalists at the Ministry of Finance office in Jakarta.
He mentioned that the Ministry of Finance will provide yield instruments to encourage exporters to comply with the rules that are planned to take effect on January 1, 2026.
Besides Himbara Bank, which now offers competitive interest rates, Febrio said the Ministry of Finance will issue domestic foreign currency SBN instruments. He mentioned that these SBNs will have competitive interest rates similar to those issued abroad.
“If Mr. Minto [Director General of Financing and Risk Management] issues, for example, a 5-year global foreign currency SBN, the interest rate will be similar to what we issue domestically. This will be very competitive internationally. If foreign currency savings or third-party funds from DHE want to be placed domestically, it will be very competitive. We will prepare the instruments for this in the future,” he said.
According to the former UI economist, issuing domestic foreign currency SBN (Sukuk Negara Ritel) to attract export earnings is in line with efforts to deepen the money market. However, the issuance of foreign currency investment instruments issued domestically will be in line with demand.
Regarding the DHE SDA conversion rate, Febrio stated that exporters will only be allowed to convert 50% of their foreign exchange earnings into rupiah. Previously, under Government Regulation No. 8/2025, the regulated conversion rate was 100%. He considers the 50% portion allowed for conversion as not a small amount.
Moreover, he noted that the total value of Indonesia’s exports in a year could reach US$270 billion. 60% of this export value is in the form of DHE, while the rest is unbound.
Regarding its implementation, after the PP is promulgated, the obligation to park DHE SDA in state-owned banks will start from the January 2026 export. However, the Ph.D. holder from the University of Kansas ensured that there will be a time relaxation provided to importers to transfer the DHE account to state-owned banks.
“For example, in the existing PP, regarding exports in January, we told them that the reksus (foreign exchange account) must be directly opened at a state-owned bank. However, according to their payment terms, they still have until the third month to deposit 100% into their reksus. Therefore, this is also in line with their best practices,” said Febrio. ***
