Bank Indonesia
Rupiah weakens to Rp17,668 per US dollar amid stabilization efforts
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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.
The rupiah reached Rp17,500 per US dollar on Tuesday, May 12, 2026. The pressure stems from a mix of global and domestic factors.
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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 Governor Perry Warjiyo outlined three main keys—optimism, maximum efforts from all parties, and synergy—to boost economic growth higher in 2026. At the opening of the Bank Indonesia Together with the Community (BIRAMA) 2025 event in Jakarta on December 2, 2025, he highlighted Indonesia's resilient economic fundamentals amid global challenges. Warjiyo affirmed BI's commitment to crafting policies that balance growth and stability.
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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.