BI: Development of money market instruments to safeguard Rupiah-denominated assets

Jakarta – Bank Indonesia (BI) says that the development of money market instruments for retail and corporate segments is intended to keep investors holding Rupiah-denominated assets amid global economic volatility. Deputy Governor Aida Budiman said the development of money market instruments would broaden investment options for the public and corporations, while also opening opportunities to increase financial inclusion and literacy. “So that investors will put their money into Indonesia and the public will continue to hold Rupiah-denominated assets,” Aida said at the Literasi Keuangan Indonesia Terdepan (LIKE IT) event, according to BI’s official statement confirmed in Jakarta on Saturday. BI, she added, together with the Ministry of Finance, OJK and LPS, is striving to strengthen financial literacy among the younger generation amid the high dynamics of the global economy. Financial literacy is not merely about understanding financial products or investments, but about building the ability to make prudent and sustainable financial decisions. This, she said, is particularly important now as the escalating dynamics of the global economy can influence people’s financial decisions and conditions. “In the midst of global dynamics, BI ensures that every policy pursued is aimed at strengthening stability while continuing to promote economic growth, including through increased inclusion and financial literacy,” she said. In addition, Aida explained, to strengthen economic stability, the Central Bank is also promoting innovation in digital payment systems such as QRIS, which makes transactions and access to financial and investment products faster, easier, cheaper, safer and more reliable. As of April 2026, QRIS had been used by 63 million users and more than 45 million merchants, the majority of whom are MSMEs. Aida urged the younger generation to understand digital, to keep growing, and to achieve financial maturity. Moreover, she said, BI is also promoting the development of digital talent through various innovation programmes such as the Indonesia Digital Innovation Centre (PIDI) and Digdaya x Hackathon to prepare a younger generation that is innovative, adaptable, and ready to face the digital economy transformation. “BI is actively carrying out consumer protection efforts through the PeKA programme (Peduli, Kenali, dan Adukan) to raise public awareness of risks of fraud and digital crime,” she said. LIKE IT is a collaborative programme between the Ministry of Finance, Bank Indonesia, OJK and LPS to strengthen financial literacy and inclusion among the public, especially the younger generation. BI announced in early May 2026 seven rupiah-stabilisation instruments, namely interventions in the domestic spot market, domestic non-deliverable forward (DNDF), offshore NDF, the purchase of government securities (SBN), and the issuance of Bank Indonesia Rupiah Securities (SRBI). In addition, there is strengthening of oversight of dollar transactions, including a restriction on dollar purchases without underlying from US$100,000 per month to US$50,000 per month, to be reduced further to US$25,000.