METADATA
BASIC INFORMATION
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Data Category
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Statistics Disseminator
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Address
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Contact
Telephone
Facsimile
Email
: Base Money
Directorate of Economic and Monetary Statistics
:
(DSM), Bank Indonesia
: Jl. M.H. Thamrin No. 2
Jakarta
: Monetary, Financial and Fiscal Statistics Team
: 62-21-3818209
: 62-21-3812930
: milis-seki@bi.go.id
DATA DEFINITION
Base money is defined as Bank Indonesia’s liabilities to Commercial and Rural
Banks, and Private Sector (excluding central government and foreign sector). It
comprises :
 Currency in circulations, consist of currency outside commercial and rural
banks, plus cash in commercial and rural banks vault.
 Commercial banks demand deposits in Rupiah at BI (Note. Rural banks
have no deposits at BI).
 Domestic private sector demand deposits at BI.
 SBI used for secondary reserve.
Currency consists of notes and coins issued by Bank Indonesia as a legal tender.
Commercial bank’s demand deposits at BI are the placement of deposits at BI, of
which used to satisfy reserve requirement.
Domestic private sector demand deposits at BI is the deposits in Rupiah
Net Foreign Assets (NFA) are BI’s net claim on non-residents, i.e. foreign assets
less foreign liabilities. Foreign Assets are BI’s claim on non-residents, whether in
Rupiah or foreign currency, consisting of gold, special drawing right (SDR),
reserves position in the fund, foreign notes, demand deposit, time deposit, and
securities. Foreign liabilities are BI’s liabilities to non-residents, whether in Rupiah
or Foreign currency, consisting of IMF’s deposits, demand deposits, and other
liabilities. Non-resident is an individual, legal entity, or other entities that living
abroad, living or planning to live in Indonesia for less than one year, including
representatives and foreign diplomatic personnel in Indonesia, or which had a
center economic of interest not in Indonesia.
Claims on commercial and rural banks are BI’s claims on commercial and rural
banks, whether in Rupiah or foreign currency, consisting of Bank Indonesia
Liquidity Credit (KLBI), Bank Indonesia Liquidity Support (BLBI), and Short Term
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Financing Facility (FPJP), and other claims. KLBI is liquidity credit provided by
Bank Indonesia to Commercial Banks for financing debtor’s projects related to
government programs such as Farmer Credit (KUT), Cooperative Credit,
procurement of staple food and sugar by State Logistic Agency (Bulog), and
investment. BLBI is credit given by Bank Indonesia to Commercial Banks for easing
their financial difficulties due to liquidity mismatch during the economic crisis. Since
the enactment of Act Number 23 of 1999 concerning Bank Indonesia, KLBI and
BLBI is no longer allowed to be given. FPJP is a Financing Facility from Bank
Indonesia that used by Banks to overcome short term funding difficulties.
Net Claims on the Central Government are claims on the Central Government less
liabilities to central government. Claims on the Central Government are BI’s claims
on the Central Government, such as claim for the ownership of government
securities and claim for government membership in the international financial
institutions. Liabilities to the Central Government is BI’s liabilities to the central
government, whether in Rupiah or foreign currency, consisting goverment general
cash account (RKUN), and government placement account. The Central
Government covers the governmental institutions whose financed by the National
Bugdet (APBN), such as ministries, including representatives and vertical
subsidiary offices located in regions. The RKUN is an account for all transactions
related with revenues and expenditures of the central government.
Claims on Other Sectors are BI’s claims in the forms of loans (credit) and other
claims (such as advance payment and other loans) to Other Financial Institutions,
Regional Governments, Public Non-Financial Corporations (BUMN) and Private
Sectors. Other Financial Institutions consist of Non-Bank Financial Institutions
(LKNB) such as finance companies, insurance companies, pension funds, pawn
offices and mutual fund companies.
Monetary Operations (MO) represent the implementation of the monetary policy
adopted by BI for the purpose of monetary control and are conducted through Open
Market Operations (OPT) and Standing Facilities. The instruments used in OPT
include issuance of SBIs, buying and selling of securities, and term deposits.
Standing facilities comprise lending facilities and deposit facilities.
BI’s Certificate (SBI) is securities denominated in Rupiah currency issued by Bank
Indonesia as a short-term debt. BI’s Sharia Certificate (SBIS) is short-term debt
securities denominated in Rupiah issued by Bank Indonesia based on Sharia
principles. Repo is a sale transaction of securities by MO participants to BI with a
repurchase obligation of the seller. Term deposit is the placement of funds by OPT
participants within certain term at BI. Deposit Facility is to provide funds in Rupiah
without the issuance of securities. FASBI is a facility provided by BI to other banks
to place their funds in BI in the Rupiah currency. FTO is a transaction conducted by
BI at any time when necessary, in order to influence the banks liquidity in shortterm period. The time of transaction as well as the amount and price of transcations
are set by BI.
Other Liabilities to Commercial Banks and Rural Banks are BI’s liabilities related to
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the placement of Commercial and Rural Banks’ funds in form of demand deposit at
BI, in order to meet the reserve requirement for foreign currency.
Shares and Other Equity is equity and reserve collected by Bank Indonesia
consisting of equity, general and special reserves.
Net Other Items are other liabilities less other assets plus consolidation adjustment.
Before June 2009
Analytical Balance Sheet of Monetary Authority (base money) was presented as
Balance Sheet of Monetary Authority. Balance Sheet of the Monetary Authority is
BI’s Balance Sheet which have been grouped based on monetary concept into
balance sheet accounts consisting BI claims and liabilities to foreign sector,
government sector (central government, governmental institutions and enterprises),
commercial banks and domestic private sector.
DATA COVERAGE
Coverage:
Central Bank Surveys Data (base money) comprises components and its affecting
factors :
a. Components consist of:
 Currency In Circulation, comprising currency outside of commercial and rural
banks and cash in banks vaults.
 Demand Deposits of Commercial Banks at Bank Indonesia (in Rupiah)
 Demand Deposits of Private Sector at BI
 SBI used for Secondary Reserve.
b. Factors Affecting Base Money:
 Net Foreign Assets/NFA
 Claims on Other Depository Corporations/Commercial and Rural Banks
 Net Claims on Central Government/NCG
 Claims on Other Sectors (Other Financial Institutions, State and Local
Government, Public Non Finacial Corporations, and Private Sectors)
 Open Market Operation/OMO
 Others Liabilities to Commercial Banks and Rural Banks
 Deposits included in Broad Money
 Deposits excluded from Broad Money
 Shares and Other Equity
 Net Other Items/NOI
Period of June - September 2009
The coverage of base money components is not including SBI used for secondary
reserve.
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Before June 2009
The coverage of base money components on Balance Sheet of Monetary Authority,
consists of:
 Currency in Circulation
 Positive Balance of Commercial Bank Demand Deposits at BI (denominated
in Rupiah)
 Demand Deposit of Private Sector at BI
Currency in Circulation comprises :
 Currency outside commercial and rural banks
 Cash in banks vaults (Not including Rural Bank)
The presentation of data on Balance Sheet of Monetary Authority consists of assets
and liabilities.
a. Assets comprise:
 Foreign assets
 Claims on Central Government
 Claims on Banks
 Other Claims
 Other Assets
b. Liabilities comprise:
 Reserve money
 Foreign Liabilities
 Liabilities to Central Government
 Other Liabilities.
Reserve Money consists of:
 Currency which is currency outside banks plus cash in vault
 Banks’ Demand Deposits
 Private Demand Deposits
Unit:
All data presented in Billions
Currency :
Rupiah
PERIODICITY OF PUBLICATION
Monthly
TIMELINESS
1 (one) week after the end of reference period (website)
2 (two) weeks after the end of reference period (CD and printed matter)
ADVANCE RELEASE CALENDAR (ARC)
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ARC (attached) will disclosed every year by December.
SOURCE OF DATA

Bank Indonesia: BI’s Balance Sheet

Commercial Banks: Monthly Report of Commercial Banks (LBU)
 Rural Banks: Monthly Report of Rural Banks (LBPR).
METHODOLOGY
The compilation of Central Bank Survey is according to Monetary Financial
Statistics Manual (MFSM) which issued by International Monetary Fund (IMF) in
2000.
Collecting data method:
Data is coming from balance sheet of all BI offices by online to BI Head Office (DTI)
through VSAT.
The central bank survey calculation method:
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
The balance sheets of all BI offices are consolidated with balance sheet of BI
Head Office by Directorate of Internal Finance (DKI).
The consolidation of Balance Sheets then processed by DSM to produce
sectoral balance sheet of central bank (SBS-CB) and central bank surveys
(CBS).
According to Bank Indonesia Regulation (PBI) No.12/19/PBI/2010 on October 4th
2010, reserve requirement (GWM) is set as follows:
 Primary reserve requirement of Rupiah is 8% of third party fund (DPK)
denominated in Rupiah, should take place in demand deposit at BI, starting
from November 1st 2010.
 Secondary reserve requirement of Rupiah is 2.5% of DPK in Rupiah, covers
SBI, SUN, SBSN and Excess Reserve, starting from October 24th 2010.
Excess Reserve is defined as the balance of commercial banks demand
deposit at BI less the amount of primary reserve requirement.
 Reserve requirement LDR is calculated by multiply the lower disincentive
parameter or upper disincentive parameter with the difference between
actual and target LDRs. The calculation is considering the difference
between actual and incentive CARs, starting from March 1st 2011.
The Accounting Method:
The accounting method complies with Bank Indonesia Accounting Guidelines
(PAKBI) which based on the International Accounting Standard (IAS). The
Revenues and expenses are recorded using accrual basis. SBI data presented on
market value. The conversion of Foreign Currency is using the foreign exchange
middle rate against Rupiah at BI.
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Period of June - September 2009
The compilation and calculation of base money on central bank survey did not
included SBI used for secondary reserve.
Before June 2009.
Central bank survey is compiled from BI’s Balance Sheet that have been
consolidated with commercial banks balance sheet (without rural banks balance
sheet) to produce the Balance Sheet of Monetary Authority.
DATA INTEGRITY
The data are final when first disseminated. The revision of data is conducted in the
next publication after recognizing errors. Changes in methodology are noted along
the data with the new methodology published for the first time.
DATA ACCESSIBILITY
Data is disseminated through:
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BI’ Website
http://www.bi.go.id/web/id/Statistik/Statistik+Ekonomi+dan+Keuangan+Indonesi
a/Versi+HTML/Sektor+Moneter/

Indonesian Financial Statistics (SEKI) Publication (printed matter and CD).
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