Bank Indonesia Reveals Foreign Capital Flow Out Of Capai IDR 3.20 Trillion

Illustration of Indonesian bank (doc BI)

JAKARTA Bank Indonesia (BI) recorded foreign capital flows that came out or capital outflows from domestic finance on January 22-25, 2024, amounting to IDR 3.20 trillion.

Assistant Governor for Communication Department BI Erwin Haryono explained that the figure consists of foreign capital, both in the state securities market (SBN), the stock market, and the Rupiah Securities of Bank Indonesia (SRBI).

"Non-residents in the domestic financial market recorded a net sale of IDR 3.20 trillion, consisting of net sales of IDR 3.31 trillion in the SBN market, buying a net of IDR 0.52 trillion in the stock market, and selling net IDR 0.41 trillion in Bank Indonesia's Rupiah Securities (SRBI)," he explained through an official statement, quoted on Sunday, January 28.

As for 2024, or until January 25, 2024, BI recorded foreign capital for non-residents to buy net Rp7.11 trillion in the SBN market, buy net Rp7.35 trillion in the stock market, and buy net Rp18.92 trillion in SRBI.

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 25, 2024 was recorded at 74.11 bps, an increase compared to January 19, 2024, of 73.13 bps.

Meanwhile, the yield rate of SBN 10 years on Friday morning 26 January 2024 was stable at 6.62 percent.

Meanwhile, the rupiah exchange rate on Friday morning, January 26, 2024, opened at the level (bid) of Rp. 15,825 per US dollar, compared to the close of Thursday, January 25, amounting to Rp. 15,820 per US dollar. Meanwhile, the US dollar index strengthened to the level of 103.57 at the end of trading.

In addition, at the close of Thursday, January 26, Yield UST (US Treasury) 10 years fell to the level of 4.118 percent.

Erwin said that based on the latest developments in global and domestic economic conditions, Bank Indonesia continues to strengthen coordination with the Government and relevant authorities and optimize policy mix strategies to maintain macroeconomic and financial system stability in order to support further economic recovery.