Purbaya to Utilise Bond Stabilisation Fund to Stabilise Rupiah Exchange Rate

Jakarta, VIVA – Finance Minister Purbaya Yudhi Sadewa has explained that, in efforts to strengthen the rupiah’s exchange rate, his office plans to utilise the bond stabilisation fund in the near future.

It should be noted that the bond stabilisation fund is a special fund or reserve prepared by the government to stabilise the bond market or state securities (SBN) during massive capital outflows.

This special fund will be used to buy back bonds, thereby maintaining the stability of the rupiah’s exchange rate under pressure from such capital outflows.

“I have my own bond stabilisation fund involving several parties. But we can also manage it with my own resources for the time being. So it’s sufficient,” said Purbaya in the Kebon Sirih area, Central Jakarta, on Wednesday, 6 May 2026.

However, Purbaya clarified that this bond stabilisation fund scheme is not new and is not the same as the Bond Stabilisation Framework (BSF) of the Financial System Stability Committee (KSSK).

Although it exists, he admitted that its utilisation is rarely carried out, making it often considered defunct.

“(The bond stabilisation fund) is not something new, but it has never been implemented. It actually exists, but it’s dormant; I just want to revive it,” he stated.

However, Purbaya emphasised that utilising the bond stabilisation fund does not mean the current situation is critical.

“So the Bond Stabilisation Fund belongs to the Ministry of Finance, to me personally, it’s there. I’ll just activate it,” said Purbaya.

He reiterated that the bond stabilisation fund will be used to assist in stabilising the rupiah’s exchange rate by purchasing SBN released by foreigners during capital outflows.

However, Purbaya added that he does not yet know the exact amount of SBN that the government will buy back.

“I will try to help the rupiah in my own way,” he said.