BI Tightens Oversight of Natural Resource Export Proceeds Under New DHE SDA Rules
Expanded cross-agency coordination brings closer scrutiny of exporters, designated banks and export documentation
Bank Indonesia (“BI”) has strengthened its supervision of foreign exchange proceeds from natural resource exports (Devisa Hasil Ekspor dari Barang Ekspor Sumber Daya Alam “DHE SDA”) through the issuance of Bank Indonesia Regulation No. 8 of 2026 (“BI Regulation 8/2026”).
The regulation constitutes the third amendment to Bank Indonesia Regulation No. 7 of 2023 on Foreign Exchange Proceeds from Exports and Foreign Exchange for Import Payments (“BI Regulation 7/2023”) and came into force on 30 September 2026.
Rather than fundamentally changing the amount or placement period applicable to mining-sector DHE SDA, the amendment primarily strengthens the institutional and supervisory architecture surrounding the existing regime. In particular, BI Regulation 8/2026 introduces greater coordination between BI and other ministries and government agencies in identifying exporters, designating participating banks and determining policies relating to export proceeds.
For businesses engaged in natural resource exports, the amendment is therefore significant not merely as an administrative adjustment. It indicates a more coordinated compliance environment in which information concerning exporters and export transactions may increasingly be assessed across government authorities.
DHE SDA Under Bilateral Trade Arrangements
The amended provisions concern DHE SDA transactions that fall within bilateral trade agreements, understandings or other trade arrangements (“Bilateral Trade Arrangements”).
For mining sector DHE SDA covered by these arrangements, the applicable amount and placement period remain unchanged. However, the framework permits the relevant export proceeds to be placed and converted into Rupiah through designated foreign exchange banks.
Accordingly, the amendment does not introduce a new placement amount or period for these mining exporters. Its principal effect is instead to refine how the special treatment is administered, which exporters are subject to the relevant supervision, and how the participating banks are designated.
This distinction is important for businesses assessing the impact of BI Regulation 8/2026: the amendment is primarily about strengthening implementation and supervision rather than replacing the underlying DHE SDA framework.
Basis for Supervision of Exporters
One of the most important changes concerns the basis used by BI to supervise exporters.
Under the previous framework, BI supervised compliance with obligations concerning the repatriation, placement, utilization and Rupiah-conversion cap of DHE SDA primarily by reference to Export Customs Declarations (Pemberitahuan Pabean Ekspor “PPE”) identified as relating to natural-resource exports.
BI Regulation 8/2026 expands this supervisory basis. BI may now rely not only on natural resource PPE information, but also on a list of exporters meeting the criteria for the special provisions under Bilateral Trade Arrangements. Importantly, this exporter list is determined through cross-ministerial and/or inter-agency coordination.
From a compliance perspective, this represents a meaningful development. Exporters should no longer view their DHE SDA compliance exclusively through the lens of individual customs declarations. The amended framework gives BI an additional coordinated basis for identifying exporters that fall within the relevant regime.
Businesses should therefore ensure that their export documentation, transaction records and treatment of DHE SDA are internally consistent and capable of supporting their compliance position if reviewed by BI or through the broader government coordination mechanism.
Designation of Banks
The amendment also strengthens the role of inter-agency coordination in determining the banks that may implement the special provisions.
Previously, BI designated participating banks based on criteria determined by BI, with the mechanism and criteria further regulated through a Regulation of Members of the Board of Governors.
Under BI Regulation 8/2026, BI may additionally consider input and/or coordination results from ministries and agencies coordinated by the Coordinating Ministry for Economic Affairs when designating banks. The detailed mechanism, criteria and designation process under this new coordination-based framework will be further governed by a Regulation of Members of the Board of Governors.
This means exporters should not assume that existing banking arrangements will automatically address every aspect of the amended special provisions. Businesses should monitor further BI implementing measures and communicate with their banks to confirm whether the relevant bank is designated and operationally prepared to handle the applicable DHE SDA placement and Rupiah-conversion arrangements.
BI Policy on Export Proceeds
BI Regulation 8/2026 further expands the considerations that BI may take into account when determining policies concerning export proceeds.
Under the previous framework, BI could adopt policies relating to the repatriation, placement and utilization of DHE SDA based on specified considerations and the prevailing regulatory framework.
BI may now also consider the results of cross-ministerial and/or inter-agency coordination meetings coordinated by the Coordinating Ministry for Economic Affairs when determining such policies.
Taken together with the changes to exporter supervision and bank designation, this reinforces the broader direction of the amendment: administration of DHE SDA is becoming increasingly coordinated across government institutions, rather than operating solely through BI’s interaction with exporters and banks.
Application of the Special Provisions
Businesses should pay particular attention to the temporal application of the amendment.
Although BI Regulation 8/2026 only entered into force on 30 September 2026, the special provisions apply to PPEs issued from 1 September 2026. The relevant application date therefore precedes the regulation’s formal effective date.
For exporters, this means that a compliance review should not begin only from 30 September 2026.
Companies potentially falling within the relevant Bilateral Trade Arrangements should review export transactions and corresponding PPEs issued from 1 September 2026 onward to identify transactions that may already fall within the amended framework.
Implications for Exporters
The amendment points toward a more integrated approach to DHE SDA supervision. While the underlying amount and placement period for mining sector DHE SDA covered by the special arrangements remain unchanged, BI’s ability to rely on coordinated exporter lists and government input may make it easier for authorities to identify the exporters and transactions falling within the regime.
For affected exporters, the practical priority should therefore be transaction level compliance and documentation readiness.
Companies should review their export transactions and applicable Bilateral Trade Arrangements from 1 September 2026, verify the corresponding PPE information, and confirm that the treatment of relevant DHE SDA complies with applicable placement and conversion requirements. Supporting documents relating to DHE SDA transactions should be maintained in an organized manner and should be consistent with the information reflected in the company’s export documentation.
Exporters should also maintain communication with their foreign exchange banks regarding the applicable placement and Rupiah conversion procedures and monitor further BI announcements concerning bank designation and implementing regulations. Banks, meanwhile, should assess their operational readiness to implement the special provisions under the amended framework.