End Of 2023, Bank Indonesia Records Foreign Capital Entering IDR 4.28 Trillion

Illustration (Doc. BI)

JAKARTA Bank Indonesia (BI) recorded that the flow of foreign capital entering into domestic finance on 27-28 December 2023 amounted to IDR 4.28 trillion.

Head of the Communication Department of Bank Indonesia Erwin Haryono explained that the figure consisted of foreign capital entering, be it to the state securities market (SBN), the stock market, and the Rupiah Securities of Bank Indonesia (SRBI).

"Non-residents in the domestic financial market consist of buying a net of IDR 0.30 trillion in the State Securities (SBN) market, buying a net of IDR 2.00 trillion in the stock market, and buying a net of IDR 1.98 trillion in Bank Indonesia's Rupiah Securities (SRBI)," he explained through an official statement, quoted on Sunday (31 December.

As for 2023, or until December 28, 2023, BI recorded non-resident foreign capital of IDR 80.45 trillion in the SBN market, and bought a net of IDR 52.81 trillion in SRBI. foreign capital selling net in the stock market reached IDR 10.74 trillion.

In line with these developments, Erwin said that the premium investment risk or premium credit default swaps (CDS) in Indonesia 5 years as of December 28, 2023 was recorded at 68.92 bps, a limited increase compared to December 22, 2023, amounting to 68.72 bps.

The yield rate of SBN 10 years on Friday morning 29 December fell slightly to 6.45 percent, from 6.46 percent on Thursday 28 December.

Meanwhile, the rupiah exchange rate on Friday morning, December 29, opened at the level (bid) of Rp. 15,440 per US dollar, compared to the closing of Thursday, December 28 amounting to Rp. 15,415 per US dollar. At that time, the US dollar index weakened to the level of 101.23 at the end of trading.

Erwin said that based on these developments, BI will continue to strengthen coordination with the government and relevant authorities and optimize policy mix strategies to maintain macroeconomic and financial system stability to support further economic recovery.