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Finance Minister: Bond Stabilization Fund on Standby to Defend Rupiah

Finance Minister Purbaya Yudhi Sadewa says he is ready to deploy the bond stabilization fund (BSF) to support financial markets as the rupiah weakens sharply past Rp 17,500 per US dollar. Finance Minister Purbaya Yudhi Sadewa said the government has instruments to help stabilize the bond market, including potential buybacks of government securities through the BSF, but maintained that Bank Indonesia leads efforts to manage currency stability. [...]