{
    "success": true,
    "data": {
        "id": 1785782,
        "msgid": "purbaya-rupiah-at-rp-18-000-has-not-yet-disrupted-governments-debt-repayment-capacity-1780628024",
        "date": "2026-06-05 09:20:00",
        "title": "Purbaya: Rupiah at Rp 18,000 Has Not Yet Disrupted Government's Debt Repayment Capacity",
        "author": "Gita Amanda",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Economy",
        "summary": "Finance Minister Purbaya Yudhi Sadewa stated that the rupiah breaching the Rp 18,000 per US dollar mark has not yet impaired the government's ability to service its debt, noting that most government bonds carry fixed-rate coupons. He acknowledged that the depreciation increases the rupiah cost of servicing foreign-currency-denominated debt, but maintained the exchange rate remains within the government's modelled range. Bank Indonesia separately confirmed it is intensifying market interventions to stabilise the currency.",
        "content": "<p>Finance Minister Purbaya Yudhi Sadewa stated that the rupiah exchange\nrate breaching the 18,000 level has not disrupted the government\u2019s\nability to repay its debt. Speaking to journalists at the Parliament\nComplex in Jakarta on Thursday (4\/6\/2026), Purbaya explained that\ngovernment bond coupons are fixed-rate, meaning exchange rate\nfluctuations do not have a significant impact on the principal.<\/p>\n<p>However, he acknowledged that the weakening of the rupiah does affect\nthe payment of interest on government debt denominated in foreign\ncurrencies. Nevertheless, Purbaya noted that the current movement of the\nrupiah remains within the government\u2019s calculated range.<\/p>\n<p>\u201cThe coupons are constant. Debt repayment is made through these\ncoupons. It is only when the rupiah weakens that it increases the\npayment amount in rupiah terms,\u201d said Purbaya.<\/p>\n<p>The government set an exchange rate assumption of 16,500 rupiah per\nUS dollar in the State Budget (APBN). Following the surge in fuel prices\ndue to geopolitical conflicts, the authorities had already conducted\nsimulations regarding the rupiah exchange rate.<\/p>\n<p>While he did not detail the specific simulation schemes used, Purbaya\nstated that the fundamentals of the rupiah are stronger than the current\nlevel of 18,000 per US dollar. \u201cIn essence, the fundamentals of the\nrupiah are below the current level. They are stronger than what we see\nnow,\u201d he added.<\/p>\n<p>Separately, Bank Indonesia (BI) has confirmed that it will continue\nto intervene in the foreign exchange market with higher intensity amidst\nthe ongoing depreciation of the rupiah towards the 18,000 per US dollar\nlevel.<\/p>\n<p>Senior Deputy Governor of BI, Destry Damayanti, stated that the\ncentral bank is also strengthening the interest rate structure of\npro-market monetary instruments to ensure domestic asset classes remain\nattractive to capital inflows.<\/p>\n<p>\u201cContinuous intervention will be carried out consistently through\nNon-Deliverable Forward (NDF) transactions in the offshore market, spot\ntransactions, and Domestic Non-Deliverable Forward (DNDF) in the\ndomestic market, accompanied by the purchase of government securities\n(SBN) in the secondary market,\u201d Destry emphasised.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/purbaya-rupiah-at-rp-18-000-has-not-yet-disrupted-governments-debt-repayment-capacity-1780628024",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}