Indonesia Raises Mandatory DHE SDA Conversion to 100 Percent, Expands Relaxation Criteria
The government announced a fourth revision of PP 36/2023 raising export proceeds conversion to up to 100 percent, broader Article 18A relaxation, and a clearer monitoring role for DSI.
At a coordination forum on natural resource export governance held in Jakarta on 6 November 2026, the Indonesian government announced a series of revisions to the Export Proceeds (DHE SDA) policy framework. Coordinating Minister for Economic Affairs Airlangga Hartarto stated that mandatory conversion of export proceeds into rupiah will rise to up to 100 percent, codified in the fourth revision of Government Regulation 36/2023, targeted for completion by end-November 2026.
Under the updated framework, relaxation criteria under Article 18A of PP 21/2026 are extended to South Korea, Japan and the European Union, in addition to the United States, Canada, China and Hong Kong, and Australia. Criteria now recognise permanent business entities and ownership through ultimate beneficial owners, subject to active disclosure to the Ministry of Finance. The list of appointed foreign-exchange banks expands to 16 institutions, with OCBC NISP joining.
The government also clarified DSI's governance role as a monitoring body rather than a sole exporter. From 1 January 2027, DSI will set export price reference ranges for strategic commodities, with exporter registration opening in December 2026.