BI to Ramp Up SRBI Issuances Again, Here's Why

Bank Indonesia (BI) has announced plans to ramp up the issuance of Bank Indonesia Rupiah Securities (SRBI) again. This move is intended to attract foreign fund inflows into Indonesia and enhance rupiah resilience.

“Additionally, regarding SRBI, as mentioned earlier, several improvements have been made to SRBI, so it is hoped that there will also be capital inflows into the Indonesian securities market. This can particularly be supported by SRBI,” said Bank Indonesia Executive Director for Information, Ramdan Denny Prakoso, during a meeting with the media at the DPR RI Building in Jakarta on Wednesday (8/4/2026).

BI Governor Perry Warjiyo stated that the SRBI issuance plan is necessary to maintain rupiah exchange rate stability.

“Therefore, why now for 2026 we will start increasing SRBI is so that we must also balance the needs for stabilising the rupiah exchange rate, interventions, and ensuring outflows are not too severe,” Perry said during a working meeting with Commission XI of the DPR in Jakarta on Wednesday (8/4/2026).

However, the BI Governor has not yet disclosed the target additional volume of SRBI issuances for this year. This plan will reverse the SRBI policy direction, which was actually relaxed further in 2025.

Last year, Perry said, BI continued to reduce the SRBI issuance volume by Rp 192.64 trillion, from Rp 923.53 trillion on 31 December 2024 to Rp 730.89 trillion on 31 December 2025. The aim was to encourage banks to disburse credit, as liquidity was abundant with the SRBI reduction.

Then, in January 2026, there was an increase in SRBI issuance to Rp 755 trillion. This continued in February 2026 to Rp 837 trillion, and as of 30 March 2026, it stood at Rp 831 trillion.