BUKITTINGGI - The issuance of Rupiah Securities in Bank Indonesia (SRBI) continues to decline as part of efforts to expand liquidity. Its value was recorded to have shrunk from IDR 916.97 trillion in early 2025 to IDR 707.05 trillion as of October 21, 2025.
Director of the BI Department of Economic Policy and Monetary Budi Winantya explained that although the number of SRBI issuance decreased, the instrument will still be published in a sustainable manner.
He added that SRBI is a monetary instrument as well as a means of contractioning liquidity that is still needed in Bank Indonesia's monetary operations.
"So SRBI as a monetary instrument will still exist," said Juli in the training of BI journalists, Friday, October 24.
Juli added that the existence of SRBI plays an important role in transmitting BI-Rate policies to various interest rates, ranging from the money market, banking, to the real sector.
In the future, he said BI would also expand monetary instruments by issuing the BI-FRN (Floating Rate Note) and developing the Overnight Index Swap (OIS) with a tenor above overnight.
According to him, this step was taken to form a interest rate structure that reflected more transactions in the money market.
"In the future, this instrument will be added with BI-FRN to enrich the instruments as well as deepen the financial market," he said.
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On the same occasion, Executive Director of the BI Communication Department, Ramdan Denny Prakoso, added that the development of the instrument is part of BI's ongoing efforts to strengthen Indonesia's financial markets.
According to him, the deepening of the financial market is expected to encourage the real sector through increasing lending.
"The expansion of the issuance of securities extends it to other securities that have high quality," he said.
He emphasized that this step was part of BI's strategy to strengthen financial system stability and encourage national economic growth.
However, Denny has not detailed the mechanism for issuing the securities and only said that BI plans to announce details of its mechanism in the first or second week of November 2025.
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