JAKARTA, Sept. 17 (Xinhua) -- Bank Indonesia (BI) has purchased government securities worth 217.1 trillion rupiahs (about 13.2 billion U.S. dollars) from January to Tuesday to support fiscal funding and economic growth, Governor Perry Warjiyo said Wednesday.
The purchases, carried out through the secondary market and a debt switching program with the government, were aimed at maintaining stability while strengthening the credibility of monetary policy, he said.
BI also expanded liquidity by reducing the position of its rupiah securities to 716.62 trillion rupiahs in mid-September from 916.97 trillion rupiahs at the start of the year.
Warjiyo said BI will continue to reinforce its policy mix, including liquidity incentives and payment system digitalization, to spur bank lending and financing in priority sectors and help drive growth. (1 Indonesian rupiah equals 0.000061 U.S. dollars)
