Bank Indonesia Bill Measure to Support FX Rises Most in 2 Years

The total amount of Indonesian central bank bills outstanding climbed by the most in almost two years last month as the monetary authority sought to attract capital inflows to support the weakening rupiah.

Bank Indonesia’s outstanding rupiah bills, known as SRBI, increased by 126.70 trillion rupiah ($7.3 billion) in April, the most since July 2024, to a total 957.91 trillion rupiah, according to central bank data released on May 9.