{
    "success": true,
    "data": {
        "id": 1586128,
        "msgid": "rupiah-slips-near-rp17-000-on-4-march-2026-1772596723",
        "date": "2026-03-04 09:34:00",
        "title": "Rupiah Slips Near Rp17,000 on 4 March 2026",
        "author": "Andhika",
        "source": "MEDIA_INDONESIA",
        "tags": "",
        "topic": "Economy",
        "summary": "The rupiah weakened to around Rp16,930 per US dollar on 4 March 2026 amid rising tensions in the Middle East and a continued Indonesian trade surplus, with Bank Indonesia's reference rate also easing. Domestic data and external geopolitics are shaping near-term moves in the currency.",
        "content": "<p>The rupiah opened weaker on Wednesday, 4 March 2026, by 58 points or\n0.34% to Rp16,930 per US dollar from the previous close of Rp16,872 per\nUS dollar. Market watcher Ibrahim Assuaibi attributed the rupiah\u2019s\nweakness to the rising escalation of the conflict involving the United\nStates, Israel, Iran and Lebanon.<\/p>\n<p>\u2018The air war between the US and Israel against Iran is widening, with\nIsrael striking Lebanon and Iran retaliating with attacks on energy\ninfrastructure in Gulf states and on tankers in the Strait of Hormuz,\u2019\nIbrahim said in a statement from Jakarta on Tuesday.<\/p>\n<p>The conflict has stoked concerns about the security of global energy\ndistribution routes, particularly in the Strait of Hormuz. According to\nIbrahim, several tanker and container ships have begun to avoid the\nroute after insurers halted coverage for vessels passing through the\narea. Consequently, global oil and gas shipping rates have reportedly\nsurged.<\/p>\n<p>Concerns intensified after a senior official from the Islamic\nRevolutionary Guard Corps said the Strait of Hormuz was closed and\nwarned that Iran would shoot at ships attempting to transit. \u2018Around 20%\nof the world\u2019s oil and gas passes through the Strait of Hormuz,\u2019 Ibrahim\nsaid.<\/p>\n<p>Despite external pressures, domestic data point to relatively\npositive developments. The Badan Pusat Statistik (BPS) reported\nIndonesia\u2019s January 2026 trade balance recorded a surplus of $0.95\nbillion, extending the 69-month run of surpluses since May 2020. \u2018The\nJanuary 2026 surplus was supported by a surplus in non-oil and gas\ncommodities of $3.22 billion,\u2019 Ibrahim added.<\/p>\n<p>The Bank Indonesia reference rate via Jakarta Interbank Spot Dollar\nRate (JISDOR) also showed weakness. On the same day, JISDOR stood at\nRp16,870 per US dollar, weaker than the previous level of Rp16,848 per\nUS dollar.<\/p>\n<p>External pressures from geopolitical tensions are expected to\ncontinue influencing the rupiah in the short term, especially if\ntensions in the Middle East continue to rise. The rupiah closed at\nRp16,872 per US dollar on the day. Analysts advise monitoring the impact\nof the Straits of Hormuz tensions on the rupiah and Indonesia\u2019s\neconomy.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-slips-near-rp17-000-on-4-march-2026-1772596723",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}