{
    "success": true,
    "data": {
        "id": 1806755,
        "msgid": "new-record-indonesias-yuan-denominated-debt-hits-all-time-high-1781650247",
        "date": "2026-06-16 19:00:00",
        "title": "New Record: Indonesia's Yuan-Denominated Debt Hits All-Time High",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia's external debt in Chinese yuan reached a historic peak of US$17.24 billion in April 2026, even as total borrowings from China and the United States both edged lower. The rise in yuan-denominated obligations reflects deepening financial cooperation between Bank Indonesia and the People's Bank of China, including new cross-border payment systems. Overall external debt grew 1.9% year-on-year to US$439.7 billion, driven by public sector borrowing.",
        "content": "<p>Indonesia\u2019s external debt from the world\u2019s two largest economies, the\nUnited States and China, both declined in April 2026, yet the gap\nbetween them remains relatively narrow. Bank Indonesia released its\nExternal Debt Statistics for June 2026 on Monday, showing the country\u2019s\ntotal external debt stood at US$439.7 billion, growing 1.9%\nyear-on-year. This growth was higher than the 1.0% recorded in March\n2026. Converted to rupiah at an assumed exchange rate of Rp17,680 per US\ndollar, the position equates to roughly Rp7,773.9 trillion. The central\nbank noted the development was influenced by public sector external debt\ngrowth amid a continued contraction in private sector external debt.\nGovernment external debt in April 2026 was recorded at US$216.4 billion,\ngrowing 3.7% year-on-year, slightly lower than March\u2019s 3.8% growth. This\nwas mainly influenced by a slowdown in foreign loan positions, while\nforeign capital inflows into government securities continued to record\nnet inflows, reflecting sustained investor confidence in Indonesia\u2019s\neconomic prospects. Private external debt stood at US$193.2 billion,\nstill contracting 0.7% year-on-year, an improvement from the previous\nmonth\u2019s 1.4% contraction. Indonesia\u2019s external debt from the United\nStates was recorded at US$27.99 billion in April 2026, down from\nUS$28.02 billion in March, a monthly decline of 0.11%. External debt\nfrom China was recorded at US$25.43 billion, down from US$25.62 billion\nin March, a monthly decline of 0.74%. The difference between the two\npositions was US$2.56 billion, equivalent to about Rp45.26 trillion.\nOver recent years, Chinese financing has been linked to infrastructure\nand connectivity projects, while American financing is more visible\nthrough financial market instruments and high-value sectors. Despite the\ndecline in debt owed to China as a creditor nation, Indonesia\u2019s external\ndebt denominated in Chinese yuan surged to a record high. In April 2026,\nyuan-denominated external debt reached US$17.24 billion, up from\nUS$16.99 billion in March, an increase of US$248 million or 1.46%\nmonth-on-month. This rise comes amid closer financial cooperation\nbetween Bank Indonesia and the People\u2019s Bank of China, who recently held\na high-level meeting in Shanghai to reaffirm their commitment to\nexpanding the use of local currencies in bilateral transactions. The\ncooperation includes strengthening the Local Currency Transaction\nframework, exploring an enhanced Bilateral Currency Swap Agreement, and\nestablishing a Renminbi Clearing Arrangement in Indonesia. The clearing\nfacility is expected to bolster the yuan ecosystem domestically, making\ntrade, investment, and financial transactions between the two nations\nmore efficient. Additionally, the two central banks launched the\nimplementation of Indonesia-China cross-border QR payments and the\nparticipation of Bank Mandiri as a direct participant in the\nCross-border Interbank Payment System, further strengthening payment\nsystem connectivity and facilitating cross-border settlement.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/new-record-indonesias-yuan-denominated-debt-hits-all-time-high-1781650247",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}