Bank Indonesia Governor Optimistic That Rupiah Exchange Rate Will Stabilise

Jakarta, VIVA – Bank Indonesia (BI) Governor Perry Warjiyo is optimistic that the rupiah exchange rate against the US dollar will stabilise. “I am confident it will be stable,” said Perry after attending a limited meeting with President Prabowo Subianto at the Presidential Palace Complex, Jakarta, on Monday, 18 May 2026. However, Perry could not specify exactly when the rupiah would begin to move steadily.

On the same occasion, Finance Minister Purbaya Yudhi Sadewa reported to President Prabowo that Indonesia’s economic condition is good, and the State Budget (APBN) is sufficiently secure to support priority programmes. He also noted that Indonesia’s fiscal foundation is in a strong position. The Ministry of Finance intends to increase its engagement and socialisation with the capital markets and investors.

“The economic condition is good, the budget is good with no issues, and the economic foundation is truly solid. We will simply focus more on socialising this to the market and to investors,” said Purbaya.

Furthermore, Purbaya stated that the government has entered the bond market to maintain the stability of the rupiah exchange rate. Gradually, the government will increase investment values in debt securities. This is intended to encourage the return of foreign capital inflows to Indonesia, which is expected to strengthen the rupiah’s position. Purbaya also mentioned that the fiscal strategy, based on President Prabowo’s directives, will be announced in the near future.

The rupiah exchange rate closed weaker at Rp17,668 per US dollar from the previous Rp17,597 per US dollar. The Bank Indonesia Jakarta Interbank Spot Dollar Rate (JISDOR) also weakened to the level of Rp17,666 per US dollar from the previous Rp17,496 per US dollar.