{
    "success": true,
    "data": {
        "id": 1749140,
        "msgid": "spending-rp2-trillion-per-day-to-strengthen-the-rupiah-purbaya-only-rp600-billion-realised-1779546205",
        "date": "2026-05-19 16:09:50",
        "title": "Spending Rp2 trillion per day to strengthen the rupiah, Purbaya: Only Rp600 billion realised",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Economy",
        "summary": "The Indonesian Finance Minister Purbaya Yudhi Sadewa says the government has prepared funds of up to Rp2 trillion per day to buy government bonds to shore up the rupiah, but actual purchases have been modest at around Rp600 billion. He says the government is currently limited to cash management and has not yet activated the bond stabilization framework, though SMI and others could be involved later. He intends to enter the bond market daily to stabilise the currency, expecting the rupiah to firm in the near term.",
        "content": "<p>Jakarta \u2014 Finance Minister Purbaya Yudhi Sadewa said that, in an\neffort to help strengthen the rupiah, the government has prepared funds\nof up to Rp2 trillion per day to buy government bonds. However, he\nconceded that purchase realisations have been modest, as only around\nRp600 billion has been absorbed, so in his view the selling pressure in\nthe bond market has not been too large. \u2018Yesterday I had targeted Rp2\ntrillion, but only Rp600 billion was obtained. That means there are not\nmany sellers,\u2019 Purbaya said at the Ministry of Finance in Jakarta on\nTuesday, 19 May 2026. He said the government has been in the bond market\nsince Thursday last week, and will continue monitoring developments to\nformulate policies for the future. \u2018Since Thursday last week (the\ngovernment has entered the bond market), but absorption is small, we\u2019ll\nsee what happens. So we will ensure bond prices stay under control,\u2019 he\nsaid. Purbaya explained that, to date, the government has only engaged\nin cash management as part of the effort to strengthen the rupiah. He\nadmitted not yet using the bond stabilization framework, which if\nimplemented would involve other entities such as PT Sarana Multi\nInfrastruktur (SMI). \u2018This is just cash management. If we implement the\nframework, I will call SMI and others to participate. But now it isn\u2019t\nas severe as that, it\u2019s relatively manageable,\u2019 he said. It is known\nthat previously, the move to intervene in the bond market had already\nbeen voiced by Purbaya as one of the government\u2019s strategies to\nstrengthen the rupiah against the US dollar. With that approach, he\nhopes the rupiah can appreciate again in the near term. \u2018I will enter\nthe bond market every day. I want to enter Rp2 trillion every day. So in\nthe future (the rupiah) should be more stable,\u2019 he said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/spending-rp2-trillion-per-day-to-strengthen-the-rupiah-purbaya-only-rp600-billion-realised-1779546205",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}