Bank Indonesia
BI governor reveals seven measures to defend rupiah at Rp17.400 per dollar
Reportado por IA Imagem gerada por IA
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.
The rupiah reached Rp17,500 per US dollar on Tuesday, May 12, 2026. The pressure stems from a mix of global and domestic factors.
Reportado por IA
Finance Minister Purbaya Yudhi Sadewa has denied rumors that state cash reserves are down to Rp120 trillion, reaffirming that the national budget remains adequate. He clarified that the amount is part of the government's Saldo Anggaran Lebih parked at Bank Indonesia. The government has injected portions into banking liquidity.
The rupiah strengthened by 10 points to Rp16.706 per US dollar at the opening of trading on Monday morning in Jakarta. This gain was driven by easing concerns over the AI speculative bubble in the US stock market. Additionally, Bank Indonesia's announcement of a current account surplus supported the positive movement.