State-Owned Banks to Manage Export Proceeds Under New Regulation

Government Policy on DHE Management

The Indonesian government is planning to implement a new regulation requiring export proceeds from natural resources to be managed through Himpunan Bank Milik Negara (Himbara), a consortium of state-owned banks. This policy, set to take effect next year, has sparked discussions among banking stakeholders.

Banking Sector Response

Hery Gunardi, Chairman of Perbanas (Indonesian Banking Association), confirmed that the organization is currently discussing the government's plan. According to Gunardi, many banks are interested in being involved in this new arrangement. Perbanas intends to convey the aspirations of its members to key regulators, including the Financial Services Authority (OJK) and Bank Indonesia (BI).

Potential Impact on Banking Operations

The new regulation could significantly impact foreign exchange management and banking operations in Indonesia. By centralizing the management of export proceeds from natural resources through Himbara, the government aims to enhance control over foreign exchange flows. However, the exact implementation details and potential implications for banks and exporters remain to be clarified through ongoing discussions between banking associations and regulators.