Bank Indonesia
Bank Indonesia is the independent central bank of the Republic of Indonesia, established in 1953, operating under constitutional mandate to maintain rupiah stability through monetary policy, payment system management, and financial system stability for the Indonesian government, banking sector, and general public.
- Company typePrivate
- Founded1953
- HeadquartersJakarta, Indonesia
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Bank Indonesia does
Bank Indonesia is the central bank of the Republic of Indonesia, established on July 1, 1953 under UU No.11 Tahun 1953 and tracing its institutional lineage to De Javasche Bank (1828). Operating as an independent state institution under UU No.23 Tahun 1999 (amended by UU No.4 Tahun 2023, the P2SK Law), it executes a statutory singular objective: achieving and maintaining stability of the rupiah's value. Its three core operational pillars are monetary policy (BI-Rate policy signal, currently 5.75%, with deposit/lending facilities at 4.75% and 6.50%), financial system stability and macroprudential policy (in coordination with OJK and LPS following the 2011 transfer of banking supervision), and payment system management and currency issuance. The bank holds foreign reserves of $145,594 million and is led by Governor Perry Warjiyo supported by Senior Deputy Governor Destry Damayanti and four Deputy Governors.
Bank Indonesia's products fall into four categories. Monetary operations are conducted via the BI-Rate, INDONIA overnight index average (6.25% as of July 2026), SRBI rupiah-denominated securities (6/9/12-month tenors), and SVBI/SUVBI foreign-currency securities for liquidity and FX management. Reference rates include JISDOR (Rp 17,915 per USD on July 23, 2026) and non-USD/IDR reference rates compiled via the SISMONTAVAR system. Payments infrastructure is anchored by QRIS, the standardized inter-provider QR-code payment rail that was extended cross-border to Southern China in 2026; the Digital Rupiah (Proyek Garuda) CBDC initiative, ongoing since 2023, explores central-bank-issued digital currency. Statistical products include the SEKI macro-financial dataset and related sub-series (ITEMs, SEKDA, SULNI, SSKI, SUSPI, SPIP). Customer-facing digital channels include BI Mobile (iOS/Android) and LISA, an AI-powered chatbot on WhatsApp.
Bank Indonesia does not operate a commercial revenue model. Its activities are funded through seigniorage, foreign exchange gains, and returns on its asset portfolio rather than product sales, license fees, or customer pricing. The institution's "customers" are structural rather than commercial: the Indonesian government (Ministry of Finance, DPR oversight), banking institutions (regulated in coordination with OJK/LPS), and the general public (using rupiah currency and payment systems). Distribution is delivered via a Jakarta headquarters at Jalan M.H. Thamrin No. 2, domestic representative offices across all Indonesian provinces, international representative offices in Beijing, Tokyo, Singapore, New York, and London, and digital channels (bi.go.id, BI Mobile, contact center 131, LISA chatbot). The institution is annually accountable to Indonesia's parliament and operates under public-information disclosure obligations (PPID).
Bank Indonesia firmographics
Firmographics- Name
- Bank Indonesia
- Legal name
- Bank Indonesia
- Website
- https://bi.go.id
- Company type
- Private
- Founded year
- 1953
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Bank Indonesia is the independent central bank of the Republic of Indonesia, established in 1953, operating under constitutional mandate to maintain rupiah stability through monetary policy, payment system management, and financial system stability for the Indonesian government, banking sector, and general public.
- Ownership category
- akta.pro rank
Bank Indonesia industry classification
Industry- Product category
- Central Banking
- NAICS
- Monetary Authorities-Central Bank (52111), Monetary Authorities-Central Bank (521110)
- SIC
- Functions Related To Depository Banking, Nec (6099)
- akta.pro primary industry
- International Monetary & Financial Stability Institutions (BPADACAE)
- akta.pro secondary industries
- Central Bank Reserve Management (FSAAAGAF), Government Accounting & Financial Reporting (BPAIAEAD), Public Debt Management (BPAIAEAC)
Keywords
Where Bank Indonesia is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices6 records
Markets served
Bank Indonesia business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Distribution channels4 records
Marketing channels10 records
Bank Indonesia product offering
Product offeringCore offering
Bank Indonesia operates as Indonesia's central bank, executing monetary policy through the BI-Rate (currently 5.75%) and Inflation Targeting Framework, managing the national payment system (including QRIS and the Digital Rupiah CBDC initiative), issuing and circulating the Indonesian rupiah, maintaining financial system stability through macroprudential policies, and providing foreign exchange reference rates such as JISDOR. It also regulates payment service providers, manages foreign reserves ($145.594 billion as of June 2026), and publishes economic and financial statistics through products such as SEKI.
Product overview
Bank Indonesia operates as Indonesia's central bank, offering a unified suite of monetary, financial, and payment system services rather than a modular product platform. The core offerings include policy rate instruments (BI-Rate, INDONIA), exchange rate references (JISDOR, Kurs Transaksi), securities for monetary operations (SRBI, SVBI/SUVBI), retail payment systems (QRIS), and statistical products (SEKI, various economic and financial statistics). Digital initiatives include the Digital Rupiah (Proyek Garuda) and the LISA chatbot for customer service. The organization also provides regulatory services, licensing (E-Licensing), and public information access through its institutional services.
Differentiator
Problem solved
Functional benefit
Products and services
- BI-Rate Bank Indonesia's policy interest rate serving as the primary monetary policy signal, used by financial market participants and banking institutions to anchor monetary conditions in Indonesia.
- JISDOR (Jakarta Interbank Spot Dollar Rate) USD/IDR spot rate compiled from interbank USD/IDR transactions through the SISMONTAVAR system in real-time, serving as the representative market reference price for spot USD/IDR transactions for banks, financial institutions, and businesses.
- INDONIA (Indonesia Overnight Index Average) Overnight interbank money market interest rate used as the operational target for monetary policy implementation, providing banks and financial institutions with a benchmark overnight rate.
- QRIS (QR Code Indonesian Standard) Standardized QR code payment system for retail transactions in Indonesia, enabling interoperable QR code payments across different payment service providers for merchants, consumers, and businesses.
- Digital Rupiah (Proyek Garuda) Central Bank Digital Currency (CBDC) initiative under Project Garuda exploring digital currency issuance and infrastructure for the Indonesian financial system.
- SRBI (Sekuritas Rupiah Bank Indonesia) Bank Indonesia Rupiah Securities — monetary operation instrument for liquidity management in the money market with 6, 9, and 12 month tenors, used by banks and financial institutions to manage rupiah liquidity.
- SVBI/SUVBI (Sekuritas Valuta Asing Bank Indonesia) Bank Indonesia Foreign Currency Securities — foreign exchange monetary operation instruments for liquidity management and exchange rate stabilization, available to banks for foreign currency liquidity operations.
- Statistik Ekonomi dan Keuangan Indonesia (SEKI) Comprehensive statistical publication covering monetary, financial, and economic indicators of Indonesia, used by researchers, analysts, policymakers, and the public for economic analysis.
- BI Mobile Mobile application available on iOS and Android providing the public with access to Bank Indonesia services, information, and statistical data.
- LISA (Live Interactive Service Assistant) AI-powered chatbot for Bank Indonesia customer service accessible via WhatsApp at 081 131 131 131, providing the public with automated access to information and inquiries.
Quantifiable outcome
- BI-Rate maintained at 5.75% with inflation at 3.34% (June 2026), within target range of 2.5±1%
Companies that use Bank Indonesia
Customer profileSegments3 records
Ideal customer profiles3 records
Bank Indonesia technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Bank Indonesia partnerships and signals
Strategic signalScale indicators6 records
Recent moves5 records
Expansion highlights5 records
Bank Indonesia competitors and assessment
Company assessmentDirect peers
- People's Bank of China: China's central bank managing the yuan, operating monetary policy tools and the digital yuan (e-CNY); key cross-border QR partner for QRIS Antarnegara.
- Reserve Bank of India: India's central bank executing inflation targeting, rupee management, digital rupee (e₹) CBDC pilot, and UPI retail payments — directly comparable emerging-market digital central bank.
- Bank of Thailand: Thailand's central bank operating an inflation-targeting framework with monetary policy tools, FX intervention, and retail payment system oversight highly comparable to Bank Indonesia.
- Bank of Japan: Bank of Japan sets yen monetary policy and manages JPY exchange rate; comparable in policy-rate, FX intervention, and reserve-management toolkit; BI maintains a representative office in Tokyo for bilateral coordination.
- Bank Negara Malaysia: Central bank of Malaysia with analogous inflation-targeting mandate, ringgit exchange rate management, and Shariah-compliant monetary operations; closest direct peer in ASEAN.
- Monetary Authority of Singapore (MAS): Singapore's integrated monetary authority and financial regulator managing SGD via managed-float exchange rate policy, monetary operations, and payment/fintech infrastructure; closely comparable institutional scope.
- Board of Governors of the Federal Reserve System: U.S. central bank setting Fed Funds rate and managing USD reserves; comparable monetary policy and reserve-management benchmark for BI's JISDOR and INDONIA frameworks.
- European Central Bank (ECB): Operates the digital euro preparation phase alongside conventional monetary policy; useful benchmark for CBDC architecture, payment system oversight, and macroprudential coordination.
- Bangko Sentral ng Pilipinas (BSP): Philippine central bank with overlapping inflation-targeting mandate, peso management, and payments oversight including the InstaPay and PESONet retail payment infrastructures that parallel QRIS.
- Bank of Korea: South Korea's central bank with inflation targeting, won FX management, and active CBDC research; comparable Asian inflation-targeting peer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Bank Indonesia social profiles
Digital presenceBank Indonesia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bank Indonesia leadership team
Management profileNumber of profiles
Profiles6 records
Bank Indonesia funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bank Indonesia M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bank Indonesia
What does Bank Indonesia do?
Bank Indonesia operates as Indonesia's central bank, executing monetary policy through the BI-Rate (currently 5.75%) and Inflation Targeting Framework, managing the national payment system (including QRIS and the Digital Rupiah CBDC initiative), issuing and circulating the Indonesian rupiah, maintaining financial system stability through macroprudential policies, and providing foreign exchange reference rates such as JISDOR. It also regulates payment service providers, manages foreign reserves ($145.594 billion as of June 2026), and publishes economic and financial statistics through products such as SEKI.
Is Bank Indonesia a public or private company?
Bank Indonesia is a private company. It is classified as state government owned and is currently operating.
When was Bank Indonesia founded?
Bank Indonesia was founded in 1953. It employs 5,001 to 10,000 people.
Where is Bank Indonesia based?
Bank Indonesia is headquartered in Jakarta, Indonesia, in the Asia region.
Who are Bank Indonesia's main competitors?
Direct peers on record are People's Bank of China, Reserve Bank of India, Bank of Thailand, Bank of Japan, Bank Negara Malaysia, Monetary Authority of Singapore (MAS), Board of Governors of the Federal Reserve System, European Central Bank (ECB), Bangko Sentral ng Pilipinas (BSP) and Bank of Korea.
Does Bank Indonesia have an API?
No public API is recorded for Bank Indonesia.
What industry is Bank Indonesia in?
Bank Indonesia's product category is Central Banking. Its primary akta.pro industry code is BPADACAE, International Monetary & Financial Stability Institutions, with a secondary code of FSAAAGAF, Central Bank Reserve Management. Its NAICS code is 52111 and its SIC code is 6099.