[SMM Flash News] Indonesia to Enforce Mandatory Export Revenue Conversion Starting June 1

Published: May 8, 2026 14:25

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The Indonesian government has finalized the revision of Government Regulation (PP) No. 36, mandating that natural resource exporters deposit their Export Earnings (DHE SDA) into state-owned banks (Himbara) starting June 1, 2026. Under the new rules, exporters are required to convert up to 50% of these earnings into Rupiah to bolster domestic liquidity and stabilize the exchange rate. Coordinating Minister for Economic Affairs Airlangga Hartarto confirmed that while the oil and gas sectors will maintain the existing three-month holding period, the broader policy aims to prevent export proceeds from being parked offshore, ensuring that the nation's wealth supports national banking liquidity and foreign exchange reserves.

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