Information about the organisation, transformation and history of Bank Indonesia as the central bank of the Republic of Indonesia.
Information about the main functions and responsibilities of Bank Indonesia to achieve and maintain rupiah stability.
Information about the rupiah as the currency of the Republic of Indonesia managed by Bank Indonesia pursuant to prevailing laws and regulations.
Bank Indonesia’s publications include regulations, reports and papers, as well as the calendar of activities
Statistics include historical indicators for all sectors under the jurisdiction of Bank Indonesia.
Bank Indonesia offers various services, including requests for information, complaints, licensing and so on.
Bank Indonesia maintains public information in accordance with the Public Information Disclosure Act of 2008.
Monetary Operations aim to achieve monetary stability in the money market and foreign exchange market in an integrated manner. Monetary operations may be conducted in a conventional manner and based on sharia principles. To achieve the monetary stability, Monetary Operations are carried out by controlling the interest rates in Overnight Interbank Money Market (PUAB O/N) to move around the policy rate which is BI 7-Day Reverse Repo Rate (BI7-DRR) and maintaining rupiah exchange rate stability in line with the fundamental exchange rate. To control the interest rate in PUAB O/N as the operational target of monetary policy, Bank Indonesia conducts liquidity management in Rupiah money market through liquidity absorption and/or liquidity injection. To maintain the exchange rate in line with its fundamental values, Monetary Operations are conducted through the implementation of interventions and/or other foreign exchange transactions on the foreign exchange market. Monetary operations consist of Open Market Operations (OMO) and Standing Facilities (SF).
In Billion Rp.
of which :
- Maturing OMO Instruments - Conventional
- Maturing OMO Instruments - Sharia
B. Excess Reserve (end of day)
- Conventional Bank
- Sharia Bank
Open Market Operations (OMO) are transaction in the money market and/or foreign exchange market conducted by Bank Indonesia with Banks and/or other parties for monetary operation in a conventional manner and based on sharia principles. OMO in domestic currency is divided into two, namely OMO absorption and OMO injection, considering liquidity conditions in the banking system both conventional and sharia. OMO absorption is performed to absorb excess liquidity while OMO injection is undertaken to increase liquidity in order to maintain a balance of liquidity conditions to support the achievement of monetary operations target. OMO can be carried out regularly and non-regularly. Regular OMO is
conducted on a scheduled basis through an auction. Meanwhile, non-regular OMO can be conducted at any time (fine-tune operation) to strengthen the achievement of monetary operations target through the implementation of regular OMO. BI announces plans and results of regular and non-regular OMO auctions through the website of BI and/or other designated means.
Instruments for OMO in domestic currency are as follows:
OMO in foreign currency is conducted through intervention instruments (spot, forward, and DNDF) as well as liquidity management instruments aimed at supporting the stability of the Rupiah exchange rate (FX swap, FX term deposit, BI FX bills, and sharia FX term deposit).
Instruments for OMO in foreign currency are as follows:
Standing Facilities are activities to provide Rupiah funds from Bank Indonesia to Banks and placement of rupiah funds by Banks at Bank Indonesia for Monetary Operations, which can be conducted conventionally and based on sharia principles. Standing Facilities are available at the end of the day for conventional banks and Islamic banks, which consist of:
Standing Facilities instruments are as follows:
Therefore, in accordance with Bank Indonesia Regulation (PBI) No. 7 / 2023 concerning Export Proceeds and Import Payments (PBI DHE & DPI), exporters may place funds from their special account of DHE SDA to Bank Indonesia instrument, TD Valas DHE, through fund placement product at appointed banks. This instrument can be utilized in the form of conversion feature from TD Valas DHE into Bank’s swap to BI to support exporters interest.
List of Appointed Banks
Note: The number of appointed banks will increase and be evaluated periodically
*) Bank is still in the administrative process regarding the implementation of conversion feature from TD Valas DHE into Bank's swap to BI to support exporters interest.
Monetary Operation Auction
Open Market Operation Auction Schedule