Jakarta. The Indonesian government will inject Rp 2 trillion ($113.2 million) per day into the domestic bond market to help stabilize the rupiah as the currency continues weakening against the US dollar, Finance Minister Purbaya Yudho Sadewa said on Monday.

“We have started entering the bond market gradually, so the rupiah should become more stable this week. I will enter the bond market every day and inject Rp 2 trillion daily,” Purbaya said after a limited cabinet meeting with President Prabowo Subianto at the State Palace in Jakarta.

Purbaya said the funds used for the intervention would not come from new budget allocations, but from government cash management, including the use of excess fiscal balances currently totaling around Rp 420 trillion ($23.8 billion).

“We will see how much intervention is needed because we have Rp 420 trillion available that can be invested in the bond market,” he said.

According to Purbaya, the intervention is intended to create positive market sentiment and prevent further capital outflows.

He said stable bond prices would encourage foreign investors to maintain their investments in Indonesia, thereby easing pressure on the rupiah.

“If foreign investors do not sell their bonds and move funds overseas because bond prices remain stable here, then the money stays in Indonesia,” he explained.

Purbaya also said President Prabowo is expected to present the government’s broader strategy for maintaining rupiah stability before parliament in the near future, although he did not specify a date.

“The president’s strategy will likely be presented before the House of Representatives soon,” he said.

The rupiah weakened beyond Rp 17,600 per U.S. dollar on Monday, significantly below the Rp 16,500 average exchange-rate assumption used in Indonesia’s 2026 state budget.

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