Government Confirms New DHE SDA Policy Won't Harm Private Banks

Constitutional Basis for Policy

The Indonesian government has announced that the upcoming implementation of 100% DHE SDA placement in state-owned banks will not create risks or losses for private banking institutions. This policy, effective January 1, 2026, is grounded in the constitutional mandate of Article 33 of the 1945 Constitution, which emphasizes the management of natural resources for the greatest prosperity of the people.

Economic Rationale

Director General of Economic and Fiscal Strategy at the Ministry of Finance, Febrio Nathan Kacaribu, explained that the policy is designed to maximize domestic liquidity from export proceeds. The government believes that by keeping these funds within the domestic banking system, particularly in state-owned banks, it can stimulate economic growth and enhance national welfare.

Impact Assessment

The government has assessed that this policy will not negatively impact private banks. Febrio emphasized that the constitutional basis provides a strong foundation for the decision, ensuring that the management of natural resource exports benefits the nation as a whole. The measure is seen as a strategic move to strengthen the domestic financial ecosystem while maintaining the overall stability of the banking sector.

Implementation Details

The new regulation represents a significant shift in how export proceeds from natural resources are managed. By centralizing these funds in state-owned banks, the government aims to create a more robust and controlled financial environment. This move is expected to have far-reaching implications for both the banking sector and the broader economy, potentially influencing liquidity, investment patterns, and overall economic activity.