TEMPO.CO, Jakarta - Danantara Chief Operating Officer Dony Oskaria has denied reports claiming that Indonesians with savings above Rp3 billion are required to purchase Patriot Bonds and Merah Putih Bonds, calling the information a hoax.
“The information is not true. It is a hoax. There is no government plan to require Indonesian citizens with savings above Rp3 billion to purchase Patriot Bonds or Merah Putih Bonds,” Dony said in an official statement confirmed by ANTARA from Jakarta on Friday.
Dony stressed that the circulating reports are false and reiterated that there has never been any policy mandating wealthy individuals to purchase the two instruments.
He said the issue has been widely misinterpreted following the passage of revisions to the Financial Sector Development and Strengthening Law (P2SK).
The amendment to Law No. 4/2023 on P2SK, recently approved by the House of Representatives, expands the mandate of the state investment management body Danantara to issue special debt instruments.
Dony explained that Patriot Bonds and Merah Putih Bonds are designed as voluntary investment products aimed at investors and members of the public who wish to participate in financing national development. He emphasized that there is no obligation for any specific income or wealth group to purchase them.
He also reaffirmed the government’s commitment to transparent and good governance in investment policy.
“Government and Danantara are committed to implementing all investment policies in accordance with principles of transparency, good governance, and respect for the public’s right to make investment decisions. Therefore, information suggesting mandatory purchases for certain groups is not true and has no basis,” Dony said.
Finance Minister Purbaya Yudhi Sadewa also previously dismissed similar claims, saying there is no obligation for Indonesian citizens with assets above Rp3 billion to buy the bonds, although incentives may be offered to investors who participate.
“There is no obligation, but incentives will be given so it becomes attractive for people who have money. As far as I know, it is not mandatory so far; during meetings at the palace, it was never stated as mandatory. The president has never said it is mandatory,” Purbaya said during a hearing at the House of Representatives.
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