The First Week Of 2024, Bank Indonesia Reveals Foreign Capital Entering IDR 8.61 Trillion

Illustration. (Photo: Doc. Antara)

JAKARTA - Bank Indonesia (BI) recorded foreign capital inflows that entered domestic finance on January 2-4, 2024, amounting to IDR 8.61 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 5.07 trillion in the State Securities (SBN) market, buying a net of IDR 1.47 trillion in the stock market, and buying a net of IDR 2.08 trillion in Bank Indonesia's Rupiah Securities (SRBI)," he explained through an official statement, quoted on Saturday, December 6.

As for the first week of 2024, or until January 4, 2024, BI recorded non-resident foreign capital of IDR 1.79 trillion in the SBN market, bought a net of IDR 2.73 trillion in SRBI and bought net in the stock market of IDR 2.40 trillion.

In line with these developments, Erwin said that the premium investment risk or premium credit default swaps (CDS) for Indonesia 5 years as of January 4, 2024 was recorded at 75.01 bps, an increase compared to December 29, 2023, amounting to 68.45 bps.

The yield rate of SBN 10 years on Friday morning 5 January 2024 rose to 6.66 percent, from 6.64 percent on Thursday 4 January.

Meanwhile, the rupiah exchange rate on Friday morning, January 5, 2024, opened at the level (bid) of Rp. 15,490 per US dollar, compared to the close of Thursday, January 4, amounting to Rp. 15,485 per US dollar. At that time, the US dollar index strengthened to the level of 102.42 at the end of trading.

Erwin said that based on the latest developments in global and domestic economic conditions, 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.