Indonesia is set to review its export earnings retention policy, known as DHE SDA, after it failed to significantly boost the country’s foreign-exchange reserves. Indonesia's Chief Economic Affairs Minister Airlangga Hartarto stated that the issue lies not with exporters but with disruptions in fund transfers, prompting a reassessment of Government Regulation No. 8/2025. This regulation mandates exporters in key resource sectors—excluding oil and gas—to retain 100% of their export proceeds in domestic banks for at least 12 months. Small exporters are exempt from this rule for transactions under $250,000 per shipment, allowing them to remain competitive. Despite the policy’s intent, Indonesia's Finance Minister, Purbaya Yudhi Sadewa, noted that its impact on foreign reserves has been minimal, with reserves dropping to US$148.7 billion in September 2025. The decline was attributed to external debt payments and central bank interventions. Minister of State Secretariat Prasetyo Hadi acknowledged that while some exporters have complied, the overall implementation has been uneven and less effective than anticipated. As a result, President Joko Widodo has called for a thorough evaluation to optimize the policy’s effectiveness in strengthening Indonesia’s financial stability.Source: https://jakartaglobe.id/business/govt-to-revisit-export-proceeds-policy-as-fx-reserves-decline (ICE GIACARTA)

Fonte notizia: Jakarta Globe, 14 October 2025