Bank Indonesia Buys IDR 80.98 Trillion SBN In Sekunder Market

Bank Indonesia (Photo: Doc. VOI)

JAKARTA - Bank Indonesia (BI) revealed that until April 22, 2025, it had purchased Government Securities (SBN) of IDR 80.98 trillion.

Bank Indonesia Governor Perry Warjiyo said the purchase of SBN was made through the secondary market amounting to Rp54.98 trillion and the primary market in the form of State Treasury Letters (SBN), including sharia, amounting to Rp26.00 trillion.

"Bank Indonesia has purchased SBN from the secondary market to strengthen monetary operations that reflect the close synergy between monetary policy and the Government's fiscal policy," he said at a press conference, Wednesday, April 23.

For information, with BI making purchases of SBN, it means that BI is attracting US dollar supplies to spread rupiah to financial markets as additional liquidity in the financial and economic sectors.

Perry conveyed that as an effort to deepen the foreign exchange market and market, as well as a strategy to encourage foreign capital inflows into the domestic financial market, the monetary instruments of the SRBI, SVBI, and SUVBI pro-markets continue to be optimized.

As for April 21, 2025, the total position of SRBI, SVBI, and SUVBI instruments was recorded at IDR 881.86 trillion, US $ 1.40 billion, and US $ 277 million, respectively.

"The non-resident ownership in SRBI as of April 21, 2025 reached Rp209.90 trillion or 23.80 percent of the total outstanding," he said.

Perry explained that non-resident ownership in SRBI as of April 21, 2025 reached Rp209.90 trillion or 23.80 percent of the total outstanding.

According to him, the implementation of major dealers (primary dealers) since May 2024 has also further increased SRBI transactions in the secondary market and repurchase agreement (repo) between market actors, thereby strengthening the effectiveness of monetary instruments in stabilizing the Rupiah exchange rate and controlling inflation.

"In the future, various instrument innovations that have been published will be optimized in order to continue to strengthen Indonesia's external economic resilience and increase the effectiveness of monetary policy transmission," he said.