According to a report from the Ministry of Economic Affairs, the Indonesian government has introduced a new policy requiring natural resource (SDA) exporters to retain all their export foreign exchange (DHE) within the country for a minimum of one year. This regulation will take effect on March 1, 2025, and will apply to exports with a minimum value of US$250,000.

Previously, the regulation only required exporters to deposit 30% of their DHE in the domestic financial system for three months. The revised policy aims to strengthen the country’s foreign exchange reserves and stabilize the rupiah exchange rate.

However, this policy has raised concerns among business owners. Some exporters fear that holding DHE for a year could disrupt cash flow and business operations, particularly for industries that rely on quick payments for working capital. The Indonesian Employers' Association (Apindo) has urged the government to consider adjustments or a gradual implementation to mitigate negative impacts on businesses.

In response, the government has announced incentives for exporters, including cash collateral facilities and regulations on the maximum credit limit. Additionally, Bank Indonesia has committed to offering term deposit instruments with competitive returns to encourage exporters to keep their DHE within the country.

The implementation of this policy is expected to enhance Indonesia’s economic stability by increasing foreign exchange reserves and maintaining rupiah stability. However, the government is encouraged to continue discussions with business stakeholders to ensure that the policy does not hinder export performance and corporate operations.