Indonesia updates mining sector export proceeds regulations

The Indonesian government has updated its regulatory framework for Natural Resource Export Proceeds (DHE-SDA) through Government Regulation No. 21 of 2026. This amendment introduces special, optional treatment for exporters in the mining sector, particularly those involved in certain bilateral trade agreements.

Under the new provisions, eligible mining exporters may choose to place at least 30% of their export proceeds in designated foreign exchange banks for a minimum of three months. If exporters do not utilize this special provision, they remain subject to stricter requirements, such as placing 100% of proceeds in state-owned (BUMN) foreign exchange banks for at least 12 months for non-oil and gas mining.

The government has identified 15 authorized banks for these placements. The list includes five state-owned banks: Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Tabungan Negara (BTN), and Bank Syariah Indonesia (BSI). Additionally, 10 non-state-owned banks are authorized, including Standard Chartered, Deutsche Bank, MUFG Bank, JP Morgan Chase, Citibank, Bank of China, ICBC Indonesia, China Construction Bank Indonesia, SMBC Indonesia, and HSBC Indonesia.