Foreign Ownership In SRBI Reaches IDR 179.86 Trillion

Rupiah and US Dollars (Photo: dock. Antara)

JAKARTA - Bank Indonesia (BI) recorded foreign ownership in the Bank Indonesia Rupiah Securities (SRBI) Capai of IDR 179.86 trillion.

BI Governor Perry Warjiyo said, to strengthen the stability of the rupiah exchange rate and achieve the inflation target, Bank Indonesia continues to optimize various pro-market monetary instruments, one of which is SRBI.

"The issuance of SRBI has attracted foreign inflows into the country, as reflected in non-resident ownership which reached Rp179.86 trillion or 26.98 percent of the total outstanding," he explained at a press conference, quoted on Friday, June 21.

In addition, Perry conveyed that to strengthen the stability of the rupiah exchange rate and achieve inflation, BI also optimized Bank Indonesia's Valas Securities (SVBI) and Bank Indonesia's Sukuk Valas (SUVBI).

Perry said that there were several monetary instruments that were also intended to accelerate efforts to deepen the money market and support foreign capital inflows into the country.

As for June 14, 2024, the position of SRBI, SVBI, and SUVBI instruments was recorded at Rp666.53 trillion, US$2,301.50 million, and US$395 million, respectively.

In the future, Perry explained that BI will continue to optimize various innovations in pro-market instruments, both in terms of volume and attractive returns, and supported by strong domestic economic fundamental conditions, to encourage the continued flow of foreign portfolios into the domestic financial market.