The Indonesian government mulls to issue one-month state treasury notes in 2018 to meet the short-term liquidity needs. The International Monetary Fund (IMF) has previously suggested Indonesia to launch the short-term treasury notes as a solution for volatile money market. So far, the Government issued Rupiah-denominated bond in the domestic market in the form of State bonds and Sukuk with a tenure of 2-30 years, also treasury notes and Shariah notes with a tenure of up to 12 months.
