Presidential Advisory Council (Wantimpres) member Bambang Soesatyo\nhas called on stakeholders to work together to maintain the rupiah\u2019s\nstability. Recent pressure on the currency should be addressed with\nmeasured responses to avoid fuelling sentiment that could undermine\npeople\u2019s purchasing power.<\/p>\n
\u201cWe must protect the rupiah together with realistic optimism. We have\nsound economic foundations, foreign-exchange reserves and adequate\npolicy instruments. The most important thing now is to strengthen\ncoordination and provide certainty to the market,\u201d Bamsoet said in a\nstatement on Thursday (29 October 2026).<\/p>\n
The 15th Speaker of the People\u2019s Consultative Assembly (MPR) said\ncurrency markets had recently been affected by a stronger US dollar,\nglobal energy prices, international capital flows and companies\u2019\nforeign-currency needs ahead of year-end. The rupiah and the Jakarta\nComposite Index (IHSG) also remain volatile.<\/p>\n
\u201cMarket projections, including the possibility of the rupiah\nweakening to a certain level, should be treated as an early warning, not\na certainty. These warning signs give the government and monetary\nauthorities an opportunity to prepare anticipatory measures early,\u201d he\nsaid.<\/p>\n
Bamsoet said foreign-exchange reserves must be managed prudently and\nmarket intervention was needed to maintain stability and prevent\nexcessive volatility. Such measures, however, should be accompanied by\npolicies that sustainably strengthen the supply of US dollars.<\/p>\n
\u201cForeign-exchange reserves are an important bulwark. But that bulwark\nwill be more effective if supported by healthy exports, well-managed\nexport proceeds, continued investment inflows and sustained market\nconfidence,\u201d he said.<\/p>\n
Bamsoet called for concrete steps, including stronger coordination\namong relevant parties, better management of export proceeds and faster\ndownstream processing so that dollar earnings come from value-added\ndomestic production. He added that the foreign-currency needs of large\ncompanies should be managed properly.<\/p>\n
\u201cBank Indonesia has independence and sufficient instruments to\nmaintain rupiah stability. Interest-rate policy, measured intervention,\nstrengthening the domestic foreign-exchange market, and fiscal and\nmonetary coordination should be brought together in a mutually\nreinforcing approach,\u201d he said.<\/p>\n
Bamsoet also urged the public and businesses not to overreact to\nexchange-rate movements. The government should provide open and\nconsistent information, while businesses should be encouraged to use\nmore locally sourced materials, raise productivity and hedge against\ncurrency risks prudently.<\/p>\n
\u201cThe market needs certainty, the public needs calm, and businesses\nneed clear direction. With responsive policies and cooperation across\nall sections of the nation, the rupiah can remain stable and the\nnational economy can continue to grow strongly, inclusively and\nsustainably,\u201d Bamsoet said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bamsoet-urges-measured-action-to-protect-the-rupiah-1793281871", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }