JAKARTA, Sept. 10 (Xinhua) -- Indonesia will inject 200 trillion rupiah (about 12.15 billion U.S. dollars) from government cash reserves at Bank Indonesia into the banking system to stimulate economic growth, newly appointed Finance Minister Purbaya Yudhi Sadewa said Wednesday.
At a parliamentary hearing, Purbaya revealed that the government's cash balance at the central bank has reached some 430 trillion rupiah due to sluggish spending, and that 200 trillion of it will be redirected to commercial banks to encourage lending.
"I have reported to the president that I will inject funds into the economic system," he said, adding that he has instructed Bank Indonesia not to reverse the liquidity through its monetary operations.
Purbaya emphasized his commitment to accelerate economic recovery in Indonesia by revitalizing fiscal and monetary policies. ■