The duty to save export proceeds (DHE) domestically could draw large foreign exchange for the country. Government Regulation (PP) Number 36 of 2023 concerning Export Proceeds of Foreign Exchange from Exploitation, Management, and/or Processing of Natural Resources (SDA) goes into force on August 1, 2023. Mining, plantations, forestry, and fisheries exporters must hold 30% of their foreign exchange in the domestic financial system for at least three months. The policy has lost impetus due to falling commodity prices and declining foreign trade. If applied to last year, when export performance was high due to rising commodity prices, the potential pocket of foreign money may approach US$2 billion each month. With 1 billion–1.7 billion US dollars in foreign exchange revenues every month, the country has a lot of potential.In a derivative regulation, incentives and relaxation for exporters who hold DHE domestically can balance the policy's pros and cons. Business actors can support the program if the government listens to them, notably in the fishing sector, where price rises are lower than in mining. Capital might be depleted by 70% due to DHE deposit requirements. Bank Indonesia (BI) Governor Perry Warjiyo announced an instrument to help natural resource exporters meet the DHE parking obligation is in the making, PP No. 36/2023-compliant, and will be utilized locally.Link di fonte: https://www.kompas.id/baca/ekonomi/2023/07/25/seimbangkan-untung-rugi-wajib-parkir-devisa (ICE GIACARTA)

Fonte notizia: Kompas - 26 July 2023