REPUBLIKA.CO.ID, JAKARTA - Government is expected to ensure foreign exchange proceeds from exports (DHE) saved in domestic banks. Currently, DHE does not enter Indonesian banks, but in foreign banks abroad.

"What we need to be considered is how to ensure DHE from oil sector can be saved to local banks, not foreign banks abroad," President Director of PT Bank Mandiri, Budi Gunadi Sadikin said recently.

Indonesia has more than 11,800 exporters this year. Bank Indonesia (BI) recorded that number of exporters who saved their DHEs to Indonesian banks increased from year to year. There are 84 exporters subjected to suspension of service exports until third quarter of 2013. This figure is lower than previous quarter.

Sadikin said that government policies, such as biodiesel conversion by 10 percent and import facilities for export purposes (KITE) were good enough. It is considered to be an effective policy to control fuel consumption.

Economists from University of Indonesia, Lana Soelistianingsih said that government policy was counterproductive to BI's monetary policy. BI is focus on current account deficit, while government still imported food. There is also no policy of low cost green car.

Soelistianingsih said many Indonesian exporters have not seen the importance of USD conversion into IDR. To become a foreign exchange reserves, DHE must first be converted to USD.

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