Withdrawal of foreign funds, SBI's official offer on 9 to 12 month pension plans

Jakarta, CNN Indonesia – Bank Indonesia ( BI ) auctioned the Bank Indonesia (SBI) certificates with tenor of nine and 12 months, replacing the Bank Indonesia Certificate of Deposit (SDBI). The publication of the instrument aims to absorb foreign funds (19459006) to help maintain the stability of the exchange rate rupiah .

"The SBI is again sold at auction today. "hui," said Mirza Adityaswara, quoted from Between Monday (23/7).

BI had originally planned an SDBI auction today, but eventually replaced by an SBI instrument This instrument has a waiting period (19459006) for the SBI for seven days

The auction started at 09:00 and the result will be announced at 13:00

" The SBI auction has been socialized to bank, "said the head of the Monetary Management Department BI Nanang Hendarsah when he is contacted

SBI is a monetary instrument that was stopped by the publication in August 2017 for the tenor 9 and 12. Five years earlier, BI had also stopped the issuance of SBI under the nine-month mark in order to better manage vulnerable foreign capital.

The reactivation of the SBI becomes an option to refine the Indonesian instruments of the financial markets in order to attract more foreign investors. In the rest of the year, global economic pressures will be heavier, especially with the four – point increase in the Federal Reserve 's benchmark interest rate.

The threat of global economic pressure forces BI to add financial instruments to make Indonesia more attractive to foreign investors. there is therefore no reversal of capital flows (capital outflow) that could threaten the exchange rate of the rupiah. (Between / Agi)