OJK to Engage with Kemenkeu and BI on DHE SDA Policy

Government Plans Mandatory Placement in State-owned Banks

The Financial Services Authority (OJK) is set to communicate with the Ministry of Finance (Kemenkeu) and Bank Indonesia (BI) regarding the government's plan to require exporters to place their foreign exchange proceeds from natural resources (DHE SDA) in state-owned banks (Himbara) ²

. This development comes as the government is considering implementing this policy starting next year as outlined in Government Regulation (PP) Number 8 of 2025.

Banking Sector Concerns and Potential Impacts

Banking associations, including Perbanas and Perbina, have expressed concerns about the potential negative impacts on private banks. The mandatory placement could lead to a reduction in foreign exchange funds in non-Himbara banks, potentially affecting their liquidity and lending capabilities ²

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Key Considerations and Proposed Alternatives

While understanding the government's objective to control export proceeds, banking associations have requested a review of the policy. They suggest that instead of mandatory placement in Himbara banks, the government could regulate the placement of DHE SDA in all Indonesian banks, both state-owned and private, to maintain a level playing field ²

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OJK's Stance and Next Steps

OJK's Head of Banking Supervision, Dian Ediana Rae, stated that the authority is waiting to see how the regulation develops, emphasizing that the final decision rests with the government. The OJK will engage in discussions with Kemenkeu and BI to address the concerns raised by the banking sector ¹

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Source 2

https://finansial.bisnis.com/read/20251215/90/1936840/sentralisasi-dhe-sda-ke-himbara-dikritik-asosiasi-ojk-bakal-temui-kemenkeu-dan-bi

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