Jakarta (ANTARA) – Bank Indonesia (BI), the country's central bank, has expanded its natural resource export revenue framework to allow exporters to deposit non-US dollar foreign currencies—specifically Chinese yuan—into domestic state-owned banks.The expansion of the central bank’s term-deposit scheme enables exporters to place non-USD foreign exchange earnings in state-owned banks for tenors of up to 12 months.Speaking at a regulatory briefing in Jakarta on Thursday, Bank Indonesia Governor Perry Warjiyo noted that while natural resource export proceeds (known locally as DHE SDA) were previously dominated by the US dollar, businesses can now make greater use of alternative currencies.”We are expanding the currency options beyond the US dollar,” Warjiyo said. “Bank Indonesia has been deepening the domestic foreign exchange market, and the Chinese yuan is already actively traded onshore.”The policy shift aligns with the central bank's broader push to deepen the domestic forex market through Local Currency Transactions (LCT), particularly with China, Indonesia's largest trading partner.Warjiyo revealed that bilateral local currency settlements with China reached over US$25 billion annually last year. So far in 2026, those volumes have surged to roughly US$3.7 billion per month.”Following agreements with domestic banks and the People's Bank of China, businesses holding Chinese yuan can now execute spot, swap, and forward transactions directly within the domestic market,” Warjiyo added.The central bank's adjustment provides operational flexibility for commodity exporters ahead of strict new government regulations set to take effect on June 1, 2026, under Government Regulations No. 2 and No. 21 of 2026.Under the incoming rules, natural resource exporters must repatriate 100 percent of their revenues into the Indonesian state banking system.From those repatriated funds, exporters are required to retain a minimum of 30 percent for oil and gas revenues and 100 percent for non-oil and gas sectors in special domestic accounts.These funds must be held onshore for at least three months for oil and gas, and 12 months for other commodities.Significantly for foreign investors, the government has lowered the mandatory conversion threshold into Indonesian rupiah, allowing companies to retain up to 50 percent of their proceeds in foreign currency, down from a previous full (100 percent) conversion requirement.