# Jaga Nilai Rupiah, Bank Indonesia Korbankan Cadangan Devisa

> Bank Indonesia introduced Rupiah Securities (SRBI) because the domestic foreign-exchange market has thin participation and is dominated by interbank money markets and repos. Foreign investors have shown little interest, and the Finance Ministry has issued fewer government bonds that foreigners buy. Portfolio investment recorded a US$2.6 billion deficit in the second quarter, reversing a prior surplus.

- Date: 2023-08-22 · published 2023-08-22T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/34911-jaga-nilai-rupiah-bank-indonesia-korbankan-cadangan-devisa
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Weak portfolio inflows and the need for dollar supply keep pressure on the rupiah, which raises the local-currency cost of dollar-priced feed imports. The new instrument aims to attract foreign capital and could ease that pressure over time.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- dw.com: https://www.dw.com/id/jaga-nilai-rupiah-bank-indonesia-korbankan-cadangan-devisa/a-66598050

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.