JAKARTA (Yosefardi) – Central bank, Bank Indonesia (BI) plans to issue one-year BI’s certificate (SBI) and traded term deposits as attempt to maintain monetary stability. As of now, BI only offers SBI with tenor of 9 months.
Newly-appointed BI governor Agus Martowardojo said BI is also discussing to make some policies including negotiable term deposit (NTD). This instrument is currently not traded as it is required to be held until its maturity (hold to maturity).
For foreign currencies market, BI plans to formulate the auction-based foreign exchange swap products, compared to current bilateral swap mechanism, between banks or bank with BI.