{
    "success": true,
    "data": {
        "id": 1625116,
        "msgid": "indonesias-bi-bolsters-defences-amid-middle-east-conflict-1773921083",
        "date": "2026-03-19 17:59:32",
        "title": "Indonesia's BI bolsters defences amid Middle East conflict",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia's central bank, Bank Indonesia, is enhancing external resilience and refining monetary tools to protect the economy from rising Middle East tensions, as stated by Senior Deputy Governor Destry Damayanti. These measures focus on stabilising the rupiah amid global volatility, with the currency weakening to Rp16,997 per US$ and portfolio outflows reaching US$1.1 billion in March. Despite a narrowing trade surplus and geopolitical risks, foreign exchange reserves stand strong at US$151.9 billion, offering ample import coverage and underscoring BI's commitment to economic stability during the upcoming Eid al-Fitr holiday.",
        "content": "<p>Indonesia\u2019s central bank is strengthening external resilience and\noptimizing monetary instruments to shield the economy from escalating\nMiddle East tensions, Senior Deputy Governor of Bank Indonesia Destry\nDamayanti said on Thursday.<\/p>\n<p>The moves aim to stabilize the rupiah as global market volatility\nsurges. Bank Indonesia (BI) remains committed to proactive adjustments\nto maintain national economic stability during the 2026 Eid al-Fitr\nholiday period.<\/p>\n<p>Destry confirmed the central bank will maintain rupiah stability\nwhile domestic markets are closed. She noted that offshore rupiah\ntrading continues to fluctuate, which could potentially impact the\ndomestic economy upon the market\u2019s reopening.<\/p>\n<p>The rupiah closed Tuesday at Rp16,997 per US$, while the Jakarta\nInterbank Spot Dollar Rate (JISDOR) hit Rp16,982. The currency weakened\n1.29 percent through mid-March, mirroring a broader decline in\nnon-dollar currencies amid heightened geopolitical risks and global\nmarket uncertainty.<\/p>\n<p>Portfolio investments recorded a net outflow of US$1.1 billion in\nMarch due to global instability. This followed accumulative net in flow\nof US$1.6 billion during the first two months of the year, despite a\nnarrowing trade surplus in January.<\/p>\n<p>Trade performance showed signs of cooling as the surplus dropped to\nUS$1.0 billion from US$2.5 billion in December. This decline was\nprimarily driven by softening demand for non-oil and gas exports in the\nglobal market.<\/p>\n<p>Despite these pressures, Indonesia\u2019s foreign exchange reserves\nremained robust at US$151.9 billion as of late February. This provides\n6.1 months of import coverage, well above international adequacy\nstandards for government debt and import financing.<\/p>\n<p>Related news: BI drops rate-cut signal as Rupiah pressures mount<\/p>\n<p>Related news: Bank Indonesia steps up measures to stabilize\nrupiah<\/p>\n<p>Translator: Rizka Khaerunnisa, Martha Herlinawati Simanjuntak<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesias-bi-bolsters-defences-amid-middle-east-conflict-1773921083",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}