China, US Among 4 Countries Exempt From Indonesia's Export Earnings Rules

Tempo07-23

TEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Airlangga Hartarto said Indonesia has exempted four countries from new rules requiring exporters to place foreign exchange earnings from ...

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The measure aims to strengthen the country's foreign exchange reserves and support rupiah stability.The rules are stipulated under Government Regulation (PP) No. 21 of 2026, which took effect on June 1, 2026.Export Earnings Rules Under ReviewUnder the regulation, natural resource exporters must bring 100 percent of their export earnings back into Indonesia. Non-oil and gas exporters are required to place all DHE SDA funds in special accounts in Indonesia for at least 12 months through state-owned banks.However, the government allows exemptions and adjustments for certain trading partners. Under PP No. 21 of 2026, exporters covered by bilateral agreements may place part of their export earnings under different arrangements, including keeping a minimum of 30 percent of foreign exchange funds for three months and using non-state-owned banks for foreign exchange transactions.Edi Prio Pambudi, Deputy for Economic and Investment Cooperation Coordination at the Coordinating Ministry for Economic Affairs, said the exemptions for the four countries would be reviewed every three months.\"We will later assess its effectiveness. We must also ensure that it does not create further issues,\" Edi said.He added that the latest meeting was held to gather input from relevant institutions, meaning the level of relaxation granted could still change.Edi emphasized that the government would take a cautious approach, as the main objective of the policy is to maintain rupiah stability and prevent further depreciation.Read: More Countries May Be Exempt From Indonesia's Export Earnings RulesClick here to get the latest news updates from Tempo on Google News","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2653729783","isCrawlerRequest":true}