Rupiah
BI governor reveals seven measures to defend rupiah at Rp17.400 per dollar
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Bank Indonesia has launched seven strategies to maintain rupiah stability amid global pressures, with the currency hitting Rp17.400 per US dollar. The measures received approval from President Prabowo Subianto following a meeting at the Presidential Palace on May 5, 2026. BI Governor Perry Warjiyo highlighted sufficient foreign reserves for market interventions.
Bank Indonesia has clarified that new forex transaction rules do not cap cash US dollar purchases at US$50,000 per actor per month, but lower the threshold for requiring underlying documents from US$100,000 to US$50,000. The policy takes effect from April 1, 2026, to support rupiah stability.
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Finance Minister Purbaya Yudhi Sadewa said Indonesia's rupiah should strengthen due to strong national economic fundamentals. However, the rupiah weakened to Rp16,997 per US dollar on March 16, 2026. He remains confident the IHSG will hit 10,000 by end-2026.
The rupiah exchange rate against the US dollar weakened slightly in Monday morning trading, as the government prepares special economic policy packages for recovery in Aceh, North Sumatra, and West Sumatra post-disaster. These policies align with President Prabowo Subianto's directives and are expected to be announced next week. The stimulus packages aim to maintain economic stability in the affected areas.
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The Composite Stock Price Index (IHSG) rose 0.65 percent or 55 points to 8,604.59 at the end of the first trading session on Tuesday, December 2, 2025. The gain was driven by surges in the industrial and cyclical sectors, while the rupiah strengthened against the US dollar amid optimism over a potential Federal Reserve rate cut.