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๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia /Economy & Trade

Prabowo hails DSI's success in boosting foreign exchange reserves

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

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  • Indonesian President Prabowo Subianto praised Danantara Sumber Daya Indonesia (DSI) for increasing national foreign exchange reserves.
  • DSI, operational since July 1, 2026, has managed $10.5 billion in foreign exchange in just over a month.
  • The government established DSI to reform natural resource governance and create a one-stop export system for transparency and optimized foreign exchange earnings.

President Prabowo Subianto lauded the newly established Danantara Sumber Daya Indonesia (DSI) for its significant impact on the nation's foreign exchange reserves. Since becoming fully operational on July 1, 2026, DSI has been tasked with overseeing the export of strategic goods and has already managed to increase national reserves.

We are building a one-stop export system so that the country knows how much is exported, to whom it is sold, what is the real price, how much foreign exchange should return to Indonesia. That's the goal.

โ€” Prabowo SubiantoSpeaking at the Plenary Cabinet Session (SKP) at Istana Negara, Central Jakarta.

Prabowo highlighted DSI's role as a state instrument in strengthening governance and consolidating the export of strategic commodities. He emphasized the government's commitment to bolstering the national economy through reforms in natural resource management, accelerating strategic investments, and enhancing the oversight of foreign exchange proceeds from exports. "We are building a one-stop export system so that the country knows how much is exported, to whom it is sold, what is the real price, how much foreign exchange should return to Indonesia. That's the goal," Prabowo stated during a Plenary Cabinet Session.

The initial results have been positive, with DSI managing over $10.5 billion (approximately Rp 188 trillion) in foreign exchange within its first month and two weeks of operation. Prabowo noted that this has also helped reduce the price gap between Indonesian commodity exports and international market prices, which previously stood at 30 to 45 percent.

Just one month, two weeks of work, DSI is operating, DSI has managed more than 10.5 billion dollars in foreign exchange. And it turns out that from the figures that came in, before there was DSI, the gap between the price sold in Indonesia and the international sale price, it was more or less a difference of at least 30 percent, close to 40-45 percent.

โ€” Prabowo SubiantoExplaining the impact of DSI's operations on foreign exchange earnings and price gaps.

He reiterated that all national commodities, including nickel, rubber, palm oil, coal, and gold, belong to the Indonesian nation. The establishment of DSI and the one-stop export system aims to ensure transparency in the entire export process and optimize the country's earnings from its natural wealth. Prabowo warned that the government would take decisive action against any practices harming the state or non-compliant business operators, including revoking permits.

I remind you, all commodities belong to the Indonesian nation. The earth, water, and all the wealth contained therein, belongs to the Indonesian nation. Nickel, rubber, everything, palm oil, coal, gold. So, we implemented one-stop export, and we established DSI.

โ€” Prabowo SubiantoEmphasizing national ownership of resources and the rationale for DSI's establishment.
DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.