BI to Pause Key Payment Systems During Eid Holiday Week
Jakarta. Bank Indonesia will suspend several payment and monetary operation systems from March 18 to March 24 during the Eid al-Fitr holiday period, while keeping its instant payment service BI-FAST running to ensure the public can continue making real-time fund transfers.
The operational changes follow the government’s official schedule for national holidays and collective leave during Eid al-Fitr, according to BI's spokesperson Ramdan Denny Prakoso.
Several key systems operated by the central bank will be temporarily suspended during the period.
These include the Bank Indonesia Real Time Gross Settlement (BI-RTGS) system, the Bank Indonesia Scripless Securities Settlement System (BI-SSSS), and the Bank Indonesia Electronic Trading Platform (BI-ETP).
The National Clearing System (SKNBI) will also be halted during the same period.
For debit clearing instruments submitted in Zone 4 on March 17, or one day before the holiday period begins, settlement will be processed on March 25, when normal operations resume.
Despite the temporary suspension of several systems, the BI-FAST instant payment service will remain fully operational, allowing the public to conduct real-time fund transfers throughout the Eid holiday.
Bank Indonesia also said that all of its cash services will be suspended during the holiday period.
In addition, the central bank will temporarily halt rupiah and foreign exchange monetary operations, while key reference indicators will not be published.
These include the Jakarta Interbank Spot Dollar Rate (Jisdor) and non-USD/IDR reference exchange rates. During the break, the central bank will use the rate from the last working day before the holiday.
The overnight money market benchmark INDONIA, along with Compounded INDONIA and the INDONIA Index, will also not be issued during the same period.
Bank Indonesia said all operational activities will fully resume on March 25, 2026.
However, the central bank noted that operational arrangements within individual financial institutions will remain the responsibility of each institution, which may set their own policies during the holiday period.
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