In the first phase, Himbara bank agents will still handle payouts at cooperative outlets, while PT Pos covers 3T areas and vulnerable recipients.
The exemption covers the U.S., China, Canada and Australia due to bilateral trade agreements with Indonesia.
BPKP will audit the build with TNI support, while BPOM will monitor permits and product quality for items sold through the co-ops.
Economists see tighter liquidity competition as rupiah deposit rates rose to 2.70% in May, up from 2.65% in April.
The Palace directive also puts food among priority lending sectors for state-owned banks, officials said.
BRI, BNI, Bank Mandiri and BSI said liquidity, capital and asset quality remain strong enough to sustain lending.