Bank Indonesia (BI) has purchased IDR 70.74 tln (USD 4.3 bln) in government securities (SBN) to stabilize the rupiah’s exchange rate. The central bank’s purchases have sharply increased over the past month. BI bought IDR 47.31 tln worth of SBN from the secondary market and IDR 23.43 tln from the primary market, including sharia-compliant bonds. Governor Perry Warjiyo emphasized that this liquidity expansion is in line with monetary policy and aimed at stabilizing the rupiah through short-term securities of less than one year.