BI's Strategy to Maintain Rupiah Stability During the 2026 Long Eid Holiday

Bank Indonesia (BI) has assured that the rupiah’s exchange rate will remain stable throughout the 2026 Eid holiday period. This measure is taken by the central bank as a precaution against potential disruptions in global financial markets due to the Middle East conflict.

BI’s Senior Deputy Governor, Destry Damayanti, stated that although domestic financial markets will be closed during the Eid holiday, rupiah trading in international markets will continue. This situation means that rupiah movements could still experience fluctuations that impact the national economy.

She added that BI is continuously monitoring global dynamics, particularly developments in the Middle East conflict that could trigger volatility in financial markets. Therefore, the central bank has prepared various strategic measures to maintain market confidence in the rupiah.

Destry emphasised that BI will optimise all monetary policy instruments to strengthen Indonesia’s external resilience. This includes undertaking necessary adjustment measures to remain consistent in maintaining national economic stability.

“Bank Indonesia will continue to optimise various monetary policy instruments to strengthen external resilience against the possibility of escalation in the Middle East war,” said Destry in a written statement quoted on Thursday, 18 March 2026.

The rupiah closed at around Rp16,997 per US dollar at the end of trading on Tuesday, 17 March 2026. The rupiah was observed to have reached Rp17,000 per US dollar during that trading session.