The Indonesian government is rolling out a significant two-pronged fiscal and monetary policy overhaul. Finance Minister Purbaya Yudhi Sadewa announced plans for a new coal export duty, while simultaneously confirming sweeping revisions to the Export Proceeds from Natural Resources (DHE SDA) regulations. These proactive measures aim to strengthen the nation’s coffers and fortify its foreign exchange reserves amidst evolving global economic landscapes.<\/p>\n
On Monday, December 8th, Finance Minister Purbaya Yudhi Sadewa revealed the government’s intention to implement an export duty on coal ranging from 1% to 5%<\/strong>. This proposed levy marks a pivotal shift in Jakarta’s approach to its vast coal resources. While specific details remain under wraps, Minister Sadewa indicated that the duty’s application The timeline for this significant fiscal adjustment is nearing; Minister Sadewa had previously hinted in November 2025<\/a> that the duty could be rolled out as early as 2026. Concurrently, Energy and Mineral Resources Minister Bahlil Lahadalia is reportedly engaged in discussions to establish a minimum reference price<\/em> for coal that would trigger the imposition of this duty, creating a clear threshold for exporters.<\/p>\n Beyond coal, Minister Sadewa also corroborated reports concerning a substantial revision to the country’s Export Proceeds from Natural Resources (DHE SDA) regulations. This strategic overhaul mandates exporters to deposit their foreign exchange earnings with state-owned banks, known as Himbara<\/strong>, and introduces stricter controls on Rupiah conversion. The primary objective is to ensure a greater proportion of valuable foreign currency remains within Indonesia’s financial system, bolstering the central bank’s reserves and enhancing monetary stability.<\/p>\n Local financial daily Kontan<\/a>, on Monday morning, provided early insights into the revised framework:<\/p>\n Further amplifying the flexibility for exporters, CNBC Indonesia<\/a> reported that the DHE SDA revisions will also allow for expanded use of foreign currency for loan repayments<\/em>. This includes working capital loans and removes prior restrictions on goods procurement, which previously only permitted FX for items not domestically produced. Such changes could significantly enhance exporters’ operational agility.<\/p>\n
might be contingent on coal quality<\/em>, signaling a nuanced, adaptive policy rather than a blanket charge. Furthermore, the government will keenly observe global price trends<\/em> to ensure the industry’s long-term viability and competitiveness.<\/p>\nTightening the Reins: DHE SDA Regulations Undergoing Major Revision<\/h2>\n
Key Changes to DHE SDA: A Deep Dive<\/h3>\n
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