{
    "success": true,
    "data": {
        "id": 1756660,
        "msgid": "foreign-media-spotlight-the-rupiah-say-this-1779542307",
        "date": "2026-05-22 08:40:00",
        "title": "Foreign Media Spotlight the Rupiah, Say This",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Foreign media coverage of the rupiah has highlighted its slide to around 17,600 per US dollar, surpassing the 17,000 threshold and fuelling investor concerns about Indonesia's fiscal outlook. CNA and other analysts note the currency's decline and discuss potential impacts on inflation, fiscal credibility, and policy space for Bank Indonesia.",
        "content": "<p>Jakarta, CNBC Indonesia \u2014 Foreign media have begun to spotlight the\nrupiah. One example is Singapore-based Channel News Asia (CNA). The\nmedia wrote the headline \u2018Why is the Indonesian rupiah falling, and\ncould confidence be cracking?\u2019 It published how the rupiah is said to be\nfacing new pressures and falling to its all-time low against the US\ndollar, amid rising investor concerns about the country\u2019s fiscal\noutlook. \u2018The rupiah has weakened to around 17,600 per US dollar,\nsurpassing the symbolic 17,000 level long seen by markets as a\npsychological threshold,\u2019 the article said in a piece that ran on\nThursday, cited Friday (22 May 2026). \u2018Many Indonesians link this figure\nto the 1998 Asian Financial Crisis, when the rupiah collapsed, inflation\nsurged, banks failed, and widespread unrest eventually ended the tenure\nof former president Suharto after three decades,\u2019 it claimed. \u2018The\nrupiah has depreciated about 5% this year, making it one of the\nworst-performing currencies in Asia,\u2019 it wrote. \u2018Although analysts\nemphasised that Indonesia\u2019s economy is much stronger than during the\nlate 1990s crisis, the sharp drop still unsettles investors and\nrekindles concerns about inflation and policy direction.\u2019 A analyst from\nfintech company Ebury was also quoted. He said the rise in oil prices is\nnot beneficial, and this has caused some inflation concerns. A local\nanalyst from Bank Permata, Josua Parade, was also asked for comment. He\nstated that investors worry that higher oil prices will raise the cost\nof subsidies and compensation, weaken fiscal credibility, push higher\nbond yields, and constrain Bank Indonesia\u2019s room to ease policy. \u2018Those\nconcerns have spread across the financial markets,\u2019 CNA added.\n\u2018Indonesian equities have fallen sharply, while the rupiah\u2019s decline has\nprompted repeated interventions by the central bank to stabilise the\ncurrency,\u2019 it added. \u2018Investors are also examining the government\u2019s\neconomic direction more broadly, including concerns about policy\ncredibility and the state\u2019s growing role in business.\u2019<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/foreign-media-spotlight-the-rupiah-say-this-1779542307",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}