Foreign Currency Repo Collateral Can Use SVBI and SUVBI Starting Today

Bank Indonesia is implementing a new instrument in monetary operations today, Monday, 30 March 2026. The new instrument involves the use of Bank Indonesia Foreign Currency Securities (SVBI) and Bank Indonesia Foreign Currency Sukuk (SUVBI) as underlying assets or collateral in foreign currency repo (repurchase agreement) transactions.

Head of the Monetary and Securities Asset Management Department, Erwin Gunawan Hutapea, stated that this policy is part of strengthening market-oriented monetary operation strategies. “The aim is to increase the effectiveness of monetary policy transactions and accelerate the deepening of the money market and foreign exchange market (PUVA),” he said in an official statement on Monday, 30 March 2026.

Erwin explained that in its implementation, the foreign currency repo transactions can be participated in by primary dealers or PUVA primary dealers. According to him, the presence of SVBI and SUVBI instruments provides additional alternatives for banks in managing liquidity, particularly foreign exchange liquidity. In addition, the addition of the repo feature to BI is considered to strengthen the characteristics of SVBI and SUVBI as high-quality liquid assets.

Through this policy, BI hopes that secondary market activity for SVBI and SUVBI will increase further. “Thus, it will support the deepening of the financial markets and maintain the stability of the rupiah exchange rate amid ongoing global dynamics,” Erwin said.

BI previously also announced a new policy in foreign exchange market transactions. Starting 1 April 2026, BI is adjusting the threshold for cash purchases of US dollars to US$50,000 per actor per month.

Through this policy, every purchase exceeding US$50,000 must include documents stating the purpose of the purchase. BI is also increasing the threshold for selling Domestic Non-Deliverable Forward (DNDF)/Forward from US$5 million per transaction to US$10 million per transaction.