The Financial Services Authority (OJK) has expressed its support for the implementation of Government Regulation (PP) No. 8 of 2025, which amends PP No. 36 of 2023 regarding Export Proceeds from the Exploitation, Management, and/or Processing of Natural Resources (DHE SDA). This regulation aims to strengthen Indonesia's foreign exchange reserves, bolster the national economy, and attract exporters by offering various incentives.

Dian Ediana Rae, Chief Executive of Banking Supervision at OJK, emphasized that the new regulation is expected to enhance forex reserves and stabilize the country’s economic foundation. OJK plays an active role in communicating this policy to the banking industry, ensuring that all stakeholders understand and implement it effectively.

Under PP No. 8/2025, exporters with export values listed in the Export Declaration (PPE) of at least USD 250,000 are required to place their DHE SDA in Indonesia's financial system. The placement amounts to a minimum of 30% for at least 3 months for the mining sector, specifically oil and gas, and 100% for at least 12 months for other sectors, including non-oil and gas mining, plantations, forestry, and fisheries.

This strategic policy seeks to boost the supply of foreign currency domestically, maintain exchange rate stability, and support national economic resilience. OJK, as the financial services regulator, ensures a balance between exporters’ interests, banking sector stability, and macroeconomic policy objectives.

OJK also coordinates closely with the government, Bank Indonesia (BI), and the banking sector to optimize the policy's implementation. This includes establishing effective monitoring mechanisms during the DHE retention period and encouraging businesses to take advantage of incentives, such as income tax (PPh) exemptions on deposit interest and special forex hedging facilities provided by banks.

For the banking sector, OJK refers to the Regulation of the Financial Services Authority (POJK) on the Assessment of Commercial Bank Asset Quality, as well as the POJK on the Assessment of Asset Quality for Islamic Commercial Banks and Islamic Business Units. Banks may treat DHE SDA funds as cash collateral, classifying them as performing assets and exempting them from the Legal Lending Limit (BMPK) calculation, provided certain conditions are met. These conditions include fund blocking, a letter of authorization for fund disbursement in favor of the bank, a lock-in period matching the loan duration, strong legal binding, and storage at the lending bank.

Dian Ediana Rae highlighted that the solid coordination between the government, Bank Indonesia, and OJK, established during the formulation, implementation, and supervision of the previous DHE SDA regulation, will further streamline the execution of this new policy. As a result, the latest DHE SDA policy is expected to achieve its goals optimally, benefiting Indonesia’s national economy.

PHOTO: OJK

This article was created with AI assistance.