The rupiah closed weaker at Rp17,668 per US dollar on Monday, May 18, 2026. The government and Bank Indonesia have taken steps to maintain stability of the currency.
On Monday's trading close, the rupiah weakened by 71 points to Rp17,668 per US dollar from the previous Rp17,597. Bank Indonesia Governor Perry Warjiyo expressed confidence that the rupiah will stabilize again, although he could not confirm the timing.
Finance Minister Purbaya Yudhi Sadewa announced the government's plan to buy bonds worth Rp2 trillion daily to stabilize the market. This step aims to prevent excessive yield increases and attract foreign capital.
President Prabowo Subianto stated that villagers do not use dollars in daily transactions. He emphasized that Indonesia's economic fundamentals remain strong with 5.61 percent growth in the first quarter of 2026.
Bank Indonesia will also lower the limit on dollar purchases without supporting documents to 25,000 US dollars per month starting June 2026. This policy ensures transactions are based on real needs.
