The Indonesian government has eased requirements governing natural-resource export proceeds, or Devisa Hasil Ekspor Sumber Daya Alam (DHE SDA), for qualifying companies in the mining sector, with the new provisions taking effect for export customs declarations from 1 September 2026.
Under Article 18A of Government Regulation (PP) No. 21/2026, eligible mining exporters are required to retain at least 30% of their natural-resource export proceeds in Indonesia for a minimum of three months. This compares with the general requirement for non-oil-and-gas natural-resource exporters to retain 100% of their proceeds for at least 12 months at state-owned foreign-exchange banks.
The special facility applies to mining companies incorporated as Indonesian limited liability companies (PT) that have at least one shareholder from a designated partner country with a minimum ownership stake of 10%. The government has designated the United States, China, Hong Kong, Australia and Canada as eligible jurisdictions. According to the Coordinating Ministry for Economic Affairs, the selection reflects both the countries’ investment levels in Indonesia’s mining sector and existing bilateral trade agreements or other trade arrangements with Indonesia.
Based on export customs declaration data covering March 2025 to July 2026, the government identified 537 tax identification numbers associated with mining exporters. Of these, 64, or around 12%, currently meet the criteria for the Article 18A facility. The list of eligible exporters will be reviewed monthly, with the list applicable to September 2026 exports expected to be published by Bank Indonesia by the second week of October.
Secretary of the Coordinating Ministry for Economic Affairs Susiwijono Moegiarso said, as quoted by ANTARA, that the policy is intended to “strengthen macroeconomic stability and domestic financial markets” while supporting investment, downstream development and exports.
The revised arrangement also gives qualifying exporters greater flexibility over where their export proceeds are placed. The government has designated 15 foreign-exchange banks for special DHE SDA accounts, consisting of five state-owned and 10 non-state-owned banks.
The state-owned institutions are Bank Mandiri, Bank Rakyat Indonesia, Bank Negara Indonesia, Bank Tabungan Negara and Bank Syariah Indonesia.
Designated non-state-owned banks include Standard Chartered Bank, Deutsche Bank AG, MUFG Bank, JPMorgan Chase Bank, Citibank, Bank of China, Bank ICBC Indonesia, Bank China Construction Bank Indonesia, Bank SMBC Indonesia and Bank HSBC Indonesia.
The facility is optional. Eligible exporters that choose not to use Article 18A remain subject to the broader DHE SDA framework. For non-oil-and-gas mining exporters, this generally means retaining 100% of export proceeds for at least 12 months at a state-owned foreign-exchange bank. Oil-and-gas exporters remain subject to a minimum retention requirement of 30% for three months.
The relaxation follows the introduction of Article 18A earlier this year, which allows differentiated treatment where required to accommodate Indonesia’s bilateral or multilateral trade commitments. The broader DHE SDA policy is aimed at retaining more export earnings within Indonesia’s financial system to support foreign-exchange availability, domestic financing and macroeconomic stability.
