Finance Minister confident that natural resource export revenue policy can help stabilise rupiah exchange rate

Jakarta (ANTARA) - Finance Minister Purbaya Yudhi Sadewa is confident that the natural resource export proceeds (DHE SDA) policy can play a role in stabilising the rupiah exchange rate. Speaking in Jakarta on Wednesday, Purbaya stated that the DHE SDA policy can increase the availability of foreign exchange reserves within the country by placing natural resource export proceeds into the national financial system. With the increased supply of foreign exchange, foreign currency liquidity in the domestic market will become stronger, thereby supporting the stability of the rupiah exchange rate. He expects the initial impact of the policy’s implementation to become visible in the near future. “When the developing market sentiment begins to subside, supported by the inflow of export proceeds into the country, the rupiah will have the opportunity to strengthen again,” said Purbaya. The State Treasurer assessed that the DHE SDA policy is one of the strategic steps to strengthen Indonesia’s external resilience while ensuring that the benefits of national export proceeds can provide a greater impact on the domestic economy. According to the Finance Minister, the combination of maintained economic fundamentals and increased domestic foreign exchange supply will be a key factor in strengthening the stability of the rupiah and the national financial sector moving forward. Increased liquidity and stricter supervision of export proceeds management will make the Indonesian financial system more resilient to various global economic challenges. Purbaya is optimistic that the DHE SDA policy will provide positive sentiment for financial markets and investors. Generally, he also stated that he remains focused on ensuring that the national economy continues to grow and strengthen, in accordance with the directives of President Prabserowo Subianto. “My duty is simply to maintain the economic foundation, so that the economy continues to move faster,” he said. Moving forward, the government will continue to maintain coordination with all relevant authorities to ensure that economic and financial system stability remains preserved.