Indonesia Remains Strong amid Closure of Three US banks: Central Bank

"Stabilize the rupiah exchange rate to control imported inflation and mitigate the impact of global turmoil, and this is for monetary stability and stability of our financial system," he said.

BI strengthens the stabilization of the rupiah exchange rate as part of efforts to control inflation, especially imported inflation, through intervention in the foreign exchange market with spot transactions, Domestic Non-Deliverable Forwards (DNDF), as well as the buying and selling of Government Securities (SBN) in the secondary market.

BI also continues the twist operation through the sale of SBN in the secondary market for short tenors to increase the attractiveness of SBN yields, especially for foreign portfolio investors, to strengthen the stability of the rupiah exchange rate.

Source: State News Antara