Purbaya Claims Rupiah Will Stabilise in the Near Future
Finance Minister Purbability Yudhi Sadewa has stated that the Rupiah will stabilise in the near future. This was disclosed by Purbaya following a meeting with President Prabowo Subianto held at the Presidential Palace in Central Jakarta.
According to reports, the meeting held this afternoon did not specifically focus on the exchange rate of the US Dollar, which has breached the Rp 17,600 level. However, Purbaya noted that President Prabowo did touch upon the subject.
“No, it was not about the Rupiah. If asked about the Rupiah, the economic condition is good, the budget is also good, and there are no problems; the economic foundation is truly strong. We just need better socialisation to the market and investors regarding this. That is all,” Purbaya said after the meeting on Monday (18/5/2026).
When asked about the steps being taken regarding the weakening Rupiah, Purbaya emphasised that the government is conducting interventions in the bond market, amounting to Rp 2 trillion per day. Purbaya also claimed that the Rupiah would strengthen again in the near future.
“We have entered the bond market gradually, and foreign investors have also entered, so moving forward, in the coming weeks, it should be more stable. I will enter the bond market every day. I have requested an entry of 2 trillion every day,” Purbaya explained.
Furthermore, Purbaya explained that the funds being injected into the bond market are sourced from government cash management, including the Budget Surplus (SAL), which amounts to Rp 420 trillion.
“We still have several resources. This is just cash management, so there is no problem; the money is not lost. It is simply being rotated to create a slight positive sentiment in the bond market,” he clarified.
“Usually, when there is positive sentiment there, foreign investors also follow suit, and the Rupiah tends to remain controlled because capital is not flowing out. Foreigners will not sell bonds and flee because bond prices remain stable. This means if the yield decreases, which is our target, bond prices will rise. This creates the potential for capital gains. Therefore, our bond market should remain attractive,” he added.