BI Calls IDR 2.47 Trillion Foreign Funds Escaped From Indonesia In The Last Week

Illustration of foreign funds or capital in Indonesia. (doc Bank Indonesia alias BI)

JAKARTA Bank Indonesia (BI) noted that there is a foreign capital outflow from domestic finance from April 22 to April 25, 2024, non-residents in the domestic financial market recorded a net sale of IDR 2.47 trillion.

Assistant Governor of the Communication Department of Bank Indonesia Erwin Haryono conveyed that foreign capital or funds came out of the stock market and Government Securities (SBN).

"Selling net IDR 2.08 trillion in the SBN market, selling net IDR 2.34 trillion in the stock market, and buying net IDR 1.95 trillion in the Bank Indonesia Rupiah Securities (SRBI)," he said through an official statement, quoted on Sunday, April 28.

Selama tahun 2024, berdasarkan data setelmen sampai dengan 25 April 2024, nonresident jual neto Rp47,26 triliun di pasar SBN, beli neto Rp9,68 triliun di pasar saham, dan beli neto Rp9,02 triliun di SRBI.

In line with these developments, Erwin said that the CDS Indonesia premium 5 years as of April 25, 2024 was 79.36 bps, an increase compared to April 19, 2024, of 77.60 bps.

Meanwhile, the yield rate of SBN 10 years on Friday, April 26, 2024, rose at 7.13 percent.

Meanwhile, the rupiah exchange rate on Friday morning, April 26, 2024, opened at the level (bid) of Rp. 16,185 per US dollar, while at the close of Thursday, April 25, it was Rp. 16,185 per US dollar. Meanwhile, the US dollar index weakened to the level of 105.60 at the end of trading.

In addition, at the close of Thursday, April 26, the 10-year Yield UST (US Treasury) fell to a level of 4.704 percent.

Erwin said that based on the conventional development of Bank Indonesia, it 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 sustainable economic growth.