Purbaya Denies Requesting Bank Stress Tests if the Rupiah Exceeds IDR 18,000
Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa highlighted the existence of negative issues circulating in the financial market, triggering negative sentiment and impacting the movement of the Rupiah exchange rate, which touched its worst level of IDR 17,900 per US dollar yesterday, Wednesday (3/6/2026).
Purbaya said there were rumours stating that he had asked banks to conduct stress tests if the Rupiah reached the level of IDR 18,000 per US dollar. A stress test is a simulation or risk analysis used to evaluate the resilience of financial institutions, including banks, in facing crises, such as an economic recession.
“There are various issues, various rumours in the market. There are those who say that I asked banks to conduct stress tests if the Rupiah is above IDR 18,000. In fact, I never issued such an issue,” said Purbaya.
However, Purbaya believes that he has carried out his duty to maintain the economic foundations so that the Indonesian economy continues to run and grow rapidly.
“But if we look at it, my duty is only to maintain the economic foundations. So that the economy continues to run faster,” he emphasized.
Meanwhile, bank stress tests are routinely carried out by Bank Indonesia (BI). The stress test report is still submitted by BI every month in the presentation of the results of the BI Board of Governors Meeting.
In May, BI revealed that the results of the domestic banking stress test showed that banking resilience remained strong in facing various risks, including the impact of the ongoing war in the Middle East.
“This resilience is supported by the ability to pay and corporate profitability which remains well maintained. Bank Indonesia continues to strengthen macroprudential policies and synergy between macroprudential policies and synergy with the Financial System Stability Committee (KSSK) in order to help maintain financial system stability,” said BI Governor Perry Warjiyo, Wednesday (20/6/2026).
Perry said that banking resilience remains strong to mitigate the risks of the impact of the war in the Middle East. This development is characterized by adequate banking liquidity, capital adequacy maintained at a high level, and credit risk remaining low.
According to BI records, the capital adequacy ratio (CAR) of banks in March 2026 was recorded at 25.09%, which is considered strong in absorbing risks and supporting credit growth.
The aggregate non-performing loan (NPL) ratio of banks remained low at 2.14% (gross) and 0.83% (net) in March 2026.
(haa/haa)