Bank Indonesia

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).

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

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

• Central banking services
• Monetary policy implementation
• Payment system infrastructure
• Currency issuance management
• Macroprudential policy

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Distribution channels4 records

Marketing channels10 records

Core 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%

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct 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

• Xx.com/bank_indonesia
• YouTubeyoutube.com/user/BankIndonesiaChannel
• Facebookfacebook.com/bankindonesiaofficial
• Instagraminstagram.com/bank_indonesia
• TikToktiktok.com/@bank_indonesia

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank Indonesia