Ahead Of The 2024 General Election, Foreign Funds Out Of Capai Rp3.01 Trillion

Illustration (Photo: BI)

JAKARTA Bank Indonesia (BI) noted that there is a foreign capital outflow from domestic finance on February 5, 2024 to February 6, 2024, non-residents in the domestic financial market selling net Rp3.01 trillion.

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

"Non-residents in the domestic financial market recorded net sales of IDR 3.01 trillion consisting of net sales of IDR 2.79 trillion in the SBN market and net selling of IDR 490 billion in Bank Indonesia Securities (SRBI)," he explained through an official statement, quoted on Sunday, February 11.

However, there are foreign funds that enter the stock market amounting to Rp270 billion.

Selama tahun 2024, berdasarkan data setelmen sampai dengan 7 Februari 2024, nonresident beli neto Rp0,25 triliun di pasar SBN, beli neto Rp11,64 triliun di pasar saham, dan beli neto Rp31,52 triliun di SRBI.

In line with these developments, Erwin said that the premium investment risk or Premium CDS Indonesia 5 years as of February 6, 2024 was 73.25 bps, an increase compared to February 2, 2024, of 72.26 bps.

Meanwhile, the yield rate of SBN 10 years on Wednesday 7 February 2024 fell at 6.59 percent.

Meanwhile, the rupiah exchange rate on Wednesday morning, February 7, 2024, opened at the level (bid) of Rp. 15,715 per US dollar, compared to the close of Tuesday, February 6, amounting to Rp. 15,725 per US dollar. Meanwhile, the US dollar index strengthened to the level of 104.21 at the end of trading.

In addition, at the close of Tuesday, February 6, Yield UST (US Treasury) 10 years rose to the level of 4.100 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.