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Risk of Minister Purbaya’s New Policy

Monday, September 15, 2025

Finance Minister Purbaya transfered Rp200 trillion to state-owned banks, risking the weakening Indonesia’s financial foundation.

arsip tempo : 177105282077.

Ilustration: TEMPO/Alvin Siregar. tempo : 177105282077.

INDONESIA’s new Finance Minister, Purbaya Yudhi Sadewa, has put forward a bold prescription to revive the country’s flagging economy. His diagnosis is simple: the slowdown stems from a financial system that has “run dry.” His remedy is to transfer some Rp200 trillion (US$12.4 billion) of state funds currently parked at Bank Indonesia to state-owned commercial banks or Himbara.

The hope is that cash long locked up in

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