Jakarta, June 4 -- Finance Minister Purbaya Yudhi Sadewa stated that the government stands ready to intensify coordination with the Financial System Stability Committee (KSSK) to stabilize the weakening rupiah, while emphasizing that immediate market intervention remains the sole responsibility of the central bank.

Speaking to reporters at the Parliament Complex in Jakarta, Wednesday (June 3), Purbaya underscored his respect for Bank Indonesia's (BI) role as the primary authority responsible for the exchange rate.

"It is the central bank's jurisdiction to maintain the exchange rate. Let them do that first," Purbaya said.

"We will just hold regular meetings as normal. But if we see that (intensive) coordination needed to improve the exc...