Bank Indonesia is ready to carry out the purchase of State Securities (SBN) in the secondary market issued by the Government.
The issuance and purchase will be carried out by prioritizing the principle of prudence in fiscal and monetary policies, while maintaining market discipline and integrity.
In its implementation, the purchase of SBN by Bank Indonesia in the secondary market is carried out through market participants and the mechanism for bilateral debt switch with the Government.
On the other hand, the exchanged SBN is tradeable and uses the prevailing market price according to the market mechanism.
Bank Indonesia will carry out the purchase of SBN which will mature in 2026, amounting to Rp173.4 trillion.
"The implementation of the debt switch transaction with the Government in 2026 is planned in accordance with the amount of SBN that will mature in 2026 of IDR 173.4 trillion and will be carried out gradually for SBN owned by Bank Indonesia with settlement before maturity in accordance with applicable regulations," he said in a statement. Sunday, February 22.
The mechanism for the bilateral exchange of SBNs between the Ministry of Finance and Bank Indonesia is not new, because it has been implemented in 2021, 2022, and 2025.
The Ministry of Finance and Bank Indonesia emphasize their commitment to carry out the issuance and purchase of SBN in a transparent, accountable, market-based manner, and supported by strong governance.
Going forward, coordination will continue to be carried out on an ongoing basis as it has been closely intertwined, taking into account the development of economic and financial market dynamics, both domestically and globally.
Solid synergy between fiscal and monetary policies is considered crucial to maintain fiscal and monetary stability, especially the stability of the rupiah exchange rate and prices and the stability of the financial system, to support sustainable economic growth.
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