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 met President Prabowo Subianto at the Presidential Palace in Central Jakarta on Tuesday, May 5, 2026. He reported the rupiah's weakening to Rp17.400 per US dollar, citing two main reasons: global factors like high oil prices, rising US interest rates, and a 4.47 percent yield on 10-year US Treasuries; and seasonal factors such as dividend repatriation, debt payments, and hajj.
"We reported to Mr. President and Mr. President approved and then gave strengthening to the seven important steps taken by Bank Indonesia to make the rupiah strong and stable going forward," Perry said after the meeting.
The seven measures include massive forex market interventions domestically and globally via Domestic Non-Deliverable Forward (DNDF) and NDF in Hong Kong, Singapore, London, and New York. BI is also attracting foreign inflows through Rupiah Bank Security Instruments (SRBI), purchasing Government Securities (SBN) in the secondary market worth Rp123.1 trillion year to date, and tightening dollar purchase limits to US$25,000 per person per month.
Additionally, BI is promoting currency diversification like domestic Yuan-Rupiah transactions and currency swaps with China, Japan, and Korea. Coordinating Minister for the Economy Airlangga Hartarto stated the government is preparing similar steps for economic resilience.
