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.
The rupiah's slide to Rp17,500 per US dollar is hitting credit car buyers hardest. Cheap cars and LCGC models are the segments most exposed to possible price and installment rises.
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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.