Indonesia's Liquidity Continues to Grow, Money Supply Surpasses Rp 2,232 Trillion in April 2026
JAKARTA, KOMPAS.com – Bank Indonesia (BI) recorded that liquidity in Indonesia’s financial system continued to grow in April 2026. This is reflected in the Adjusted Primary Money or M0 Adjusted, which increased by 14.3% year-on-year (yoy) to reach Rp 2,232.2 trillion.
M0 Adjusted represents primary money calculated after taking into account the impact of liquidity incentives from the central bank, thus deemed to reflect a more realistic money supply condition.
This growth continues the positive trend from the previous month. In March 2026, M0 Adjusted growth was recorded at 16.8% yoy before slightly slowing in April 2026.
Executive Director of the Bank Indonesia Communication Department, Ramdan Denny Prakoso, stated that the growth in primary money was driven by an increase in general bank deposits at BI and currency in circulation among the public.
“This development was influenced by the growth in adjusted general bank deposits at Bank Indonesia by 21.6% (yoy) and currency issued by 14.6% (yoy),” said Ramdan in an official statement in Jakarta, quoted on Saturday (9/5/2026).
The M0 Adjusted calculation policy has been implemented by BI since January 2025.
This step was taken to ensure that the development of primary money is not distorted by liquidity incentive policies provided to the banking sector, so that the money supply condition can be depicted more accurately.
Meanwhile, general bank deposits at BI were recorded at Rp 454.2 trillion, and private sector deposits at BI at Rp 7.6 trillion. Bank Indonesia-issued securities held by the private sector reached Rp 36.1 trillion.
From the perspective of factors affecting primary money, net foreign assets were recorded at Rp 2,021.1 trillion. Meanwhile, net claims on the central government were in a negative position of minus Rp 246.7 trillion, with details of claims on the central government at Rp 81.3 trillion and liabilities to the central government at Rp 328.0 trillion.
Adjusted monetary control in April 2026 was recorded at Rp 1,282.6 trillion. Complete primary money statistical data can be accessed through Bank Indonesia’s official website.