Analysis: Indonesia's DHE exemptions create a two-tier export regime - Academia

Indonesia has introduced a new exception to its natural resources export proceeds (DHE-SDA) policy, allowing exporters from the United States, China, Australia and Canada greater flexibility in managing their export proceeds. The announcement marks the first significant relaxation of a policy that, only months earlier, was expanded to require most natural resource exporters to retain 100 percent of their export earnings in Indonesia's state-owned banks (Himbara) for 12 months.