The Chairman of the Budget Committee (Banggar) of the House of\nRepresentatives (DPR), Said Abdullah, assessed that the weakening of the\nrupiah against the US dollar, which has breached Rp 18,000 per US$, has\nsurpassed a psychological limit. According to him, the maximum exchange\nrate for the rupiah should ideally not exceed the Rp 17,600\nthreshold.<\/p>\n
\u201cToday\u2019s rupiah depreciation has touched a psychological level,\nespecially as our financial markets, including the Jakarta Composite\nIndex, are also down by approximately 3.04 per cent,\u201d Said stated at the\nDPR Complex, Jakarta, on Thursday, 4 June 2026.<\/p>\n
The legislator from the Indonesian Democratic Party of Struggle\n(PDI-P) emphasised that the decline in these two monetary indicators\nsuggests the issue is no longer merely about economic fundamentals.\nAccording to him, the current condition is also influenced by policy\ngovernance that is causing investor hesitation.<\/p>\n
Therefore, Said argued, the most urgent mitigation step required at\nthis time is not just intervention in the financial markets, but the\nimprovement of government governance. He noted that investors are\ncurrently paying great attention to legal certainty and the consistency\nof government policies. Transparency, accountability, and a focus on the\nPresident\u2019s priority programmes are considered vital factors in building\nmarket optimism. \u201cEvery policy must be managed to be as transparent,\naccountable, and consistent in direction as possible,\u201d he remarked.<\/p>\n
Said noted that Bank Indonesia has indeed implemented various\nexchange rate stabilisation instruments through triple intervention\nschemes, covering the spot market, non-deliverable forward (NDF), and\ndomestic non-deliverable forward (DNDF) markets. However, he argued that\nif synergy between these monetary policies and fiscal policies through\nimproved government governance is not achieved, such interventions will\nfail to restore investor confidence.<\/p>\n
\u201cIf synergy is not created, the market will lack confidence.\nInvestors will no longer look at our economic fundamentals, but will be\nmore influenced by perception,\u201d he said. Said stressed that such\nperceptions could ultimately devastate economic fundamentals if the\nFinancial System Stability Committee does not immediately undertake\nreforms and strengthening.<\/p>\n
In Thursday morning trading, the rupiah exchange rate against the US\ndollar fell by another 0.27 per cent to reach Rp 18,015 per US.T<\/em>h<\/em>i<\/em>s<\/em>p<\/em>o<\/em>s<\/em>i<\/em>t<\/em>i<\/em>o<\/em>n<\/em>r<\/em>e<\/em>p<\/em>r<\/em>e<\/em>s<\/em>e<\/em>n<\/em>t<\/em>s<\/em>o<\/em>n<\/em>e<\/em>o<\/em>f<\/em>t<\/em>h<\/em>e<\/em>r<\/em>u<\/em>p<\/em>i<\/em>a<\/em>h<\/em>\u2032s<\/em>w<\/em>e<\/em>a<\/em>k<\/em>e<\/em>s<\/em>t<\/em>l<\/em>e<\/em>v<\/em>e<\/em>l<\/em>s<\/em>i<\/em>n<\/em>r<\/em>e<\/em>c<\/em>e<\/em>n<\/em>t<\/em>t<\/em>i<\/em>m<\/em>e<\/em>s<\/em>,\u2006m<\/em>a<\/em>r<\/em>k<\/em>i<\/em>n<\/em>g<\/em>t<\/em>h<\/em>e<\/em>\u2032G<\/em>a<\/em>r<\/em>u<\/em>d<\/em>a<\/em>\u2032c<\/em>u<\/em>r<\/em>r<\/em>e<\/em>n<\/em>c<\/em>y<\/em>\u2032s<\/em>a<\/em>r<\/em>r<\/em>i<\/em>v<\/em>a<\/em>l<\/em>a<\/em>t<\/em>t<\/em>h<\/em>e<\/em>n<\/em>e<\/em>w<\/em>p<\/em>s<\/em>y<\/em>c<\/em>h<\/em>o<\/em>l<\/em>o<\/em>g<\/em>i<\/em>c<\/em>a<\/em>l<\/em>t<\/em>h<\/em>r<\/em>e<\/em>s<\/em>h<\/em>o<\/em>l<\/em>d<\/em>o<\/em>f<\/em>R<\/em>p<\/em>18,\u2006000p<\/em>e<\/em>r<\/em>U<\/em>S<\/em><\/span>.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/us-dollar-hits-rp-18-000-budget-committee-chair-reaches-psychological-limit-1780827924", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }