Bank Indonesia Records Net Foreign Capital Flows Out USD 1.2 Billion

By | Mei 24, 2022 – Bank Indonesia (BI) noted that there were net outflows of foreign capital from April to May 20, 2022 of 1.2 billion US dollars.

“Foreign capital inflows into the domestic financial market were restrained in line with high global financial market uncertainty,” said BI Governor Perry Warjiyo in the Announcement of the Results of the May 2022 Board of Governors’ Meeting in Jakarta, Tuesday.

Thus, he said that the outflow of foreign capital resulted in the rupiah depreciating in line with other regional currencies.

The Garuda currency on May 23, 2022 depreciated 1.2 percent compared to the end of April 2022.

With this development, the rupiah exchange rate until May 23, 2022 has depreciated by around 2.87 percent compared to the level at the end of 2021.

However, Perry Warjiyo assessed that this condition was relatively better than the depreciation of the currencies of a number of other developing countries, such as India at 4.11 percent, Malaysia at 5.1 percent, and South Korea at 5.97 percent.

Editor : Mohamad Nur Asikin

Reporter : Antara

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