Purbaya Has Disbursed IDR 8 Trillion to Help BI Stabilise the Rupiah
Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa has revealed that the government has disbursed IDR 8 trillion to stabilise the bond market. This measure is being taken to help Bank Indonesia maintain the stability of the Rupiah’s exchange rate. The strategy involves buying back government bonds that have been sold by foreign investors. Through this approach, the government aims to maintain the stability of yields on government bonds (SBN) in the bond market.
“Perhaps more than IDR 8 trillion, specifically in the bond market,” said Purbaya in the DPR building area, Jakarta, Thursday (June 4, 2026). Purbaya emphasised that the government had not initially planned to disclose updates on the implementation of this bond market stabilisation policy. However, he stated that the policy has already had a tangible impact on the stability of the 10-year benchmark SBN yield. Currently, the yield on this benchmark bond continues to fluctuate around 6.7%.
“It’s okay for you to know that I’m intervening a little. And the 10-year yield is relatively stable,” said Purbaya. As is known, the Rupiah’s exchange rate against the US dollar has been under increasing pressure during today’s trading, Thursday (June 4, 2026). After breaching the psychological level of IDR 18,000/USD, the Rupiah is now trading further above that level. According to Refinitiv data, as of 11:30 WIB, the Rupiah has weakened by 0.56% to IDR 18,040/USD. This weakening is more significant compared to the previous position. At 09:11 WIB, the Rupiah had already broken through the psychological level of IDR 18,000/USD and was trading at IDR 18,015/USD, a depreciation of 0.42%. The pressure on the Rupiah has also been evident since the opening of trading this morning. The Rupiah opened with a weakening of 0.11% to IDR 17,960/USD. With a position of IDR 18,040/USD, the Rupiah has once again recorded its latest all-time low against the US dollar. This weakening continues the sharp pressure experienced in the previous trading day, Wednesday (June 3, 2026), when the Rupiah closed with a weakening of 0.62% to IDR 17,940/USD. (arj/arj)