US$1.7 Billion in Foreign Capital Exits Indonesia in First Quarter

Bank Indonesia (BI) recorded a foreign capital outflow of US$1.7 billion from the domestic financial market throughout January to March 2026. BI Governor Perry Warjiyo stated that this development was influenced by geopolitical conditions. “Foreign portfolio investment from January to March 2026 recorded a net outflow of US$1.7 billion, mainly influenced by global financial market uncertainties triggered by the war in the Middle East,” said Perry during the press conference on the results of the Bank Indonesia Board of Governors Meeting on Wednesday, 22 April 2026. Despite this, the trend of foreign capital flows began recording net inflows of US$1.9 billion in the early second quarter, or up to 20 April 2026. Perry said the influx of foreign capital was mainly supported by flows into Bank Indonesia Rupiah Securities (SRBI) and Government Securities (SBN). The position of SRBI monetary instruments on 21 April 2026 was recorded at Rp885.41 trillion. Of this amount, non-resident ownership reached Rp165.98 trillion, or 18.75 percent of the total outstanding. BI Senior Deputy Governor Destry Damayanti said that since February, the central bank has gradually adjusted SRBI interest rates. This was done to increase the attractiveness of SRBI to foreign investors. According to Destry, the adjustment of SRBI yields is beginning to show results with increasing inflows since March. “Then we also see in April this month, we have also seen inflows for SRBI continuing, where in April alone there was an inflow of up to Rp29 trillion, so year-to-date for SRBI there has been an inflow of Rp54.3 trillion,” she said.