Indonesia Raises Natural Resource Export FX Conversion Requirement to Up to 100 Percent, Confirms DSI Is Not Sole Exporter
The fourth revision of the DHE regulation also extends relaxation to South Korea, Japan and the EU, expands eligible banks to 16, and requires active disclosure of foreign parent structures.
At a government socialization session in Jakarta on November 6, Coordinating Minister Airlangga Hartarto announced that the fourth revision of Government Regulation 36/2023 will raise the mandatory rupiah conversion of natural resource export proceeds (DHE SDA) from a maximum of 50 percent to up to 100 percent, targeted to take effect by the end of November with transition provisions.
The package also extends Article 18A relaxation eligibility to South Korea, Japan and the European Union (previously the US, Canada, China plus Hong Kong, and Australia), recognizes permanent establishments and ultimate beneficial ownership structures subject to active disclosure to the Finance Ministry, and expands the list of appointed foreign-exchange banks from 15 to 16 with OCBC NISP joining. Officials also clarified governance of the resource export clearinghouse DSI: it will act as a monitoring body rather than a sole exporter — companies may continue exporting on their own accounts after December 31, 2026 — and from January 1, 2027 it will set reference price ranges, with exporter registration opening in December.
Official data at the session showed cumulative DHE SDA inflows of just US$30.1 million for January–August 2026, down from US$31.4 million in the comparison period.