Comparable to Other Countries' Currencies, BI Governor Assures Rupiah Depreciation Remains Managed

Jakarta, VIVA – Bank Indonesia Governor Perry Warjiyo has assured that, although facing a weakening trend, the rupiah’s depreciation against the US dollar remains sufficiently managed at present. He even emphasised that the rupiah exchange rate is still relatively stable, thanks to several measures implemented by the central bank. “The rupiah exchange rate is stable due to the steps taken by BI,” Perry stated during the Press Conference on the Results of the Periodic KSSK Meeting II of 2026 at the Bank Indonesia office complex in Jakarta on Thursday, 7 May 2026. “The level of rupiah depreciation is already managed, comparable to (currencies of) other countries,” he added. Perry also reported that Indonesia’s foreign exchange reserves (cadev) are currently more than adequate, reaching US$148.2 billion as of March 2026. Furthermore, Perry continued, the central bank has noted capital inflows of US$3.3 billion up to 30 April 2026. “Especially in SRBI and SBN instruments, following an outflow of US$1.7 billion in the first quarter of 2026,” he said. Previously, Perry had explained that the rupiah’s weakening is not due to deteriorating Indonesian economic fundamentals but rather influences from global factors. He assured that the 5.61% economic growth in the first quarter of 2026 demonstrates that the national economic fundamentals remain intact. Moreover, this national economic growth achievement in the first quarter of 2026 is one of the highest among other G20 member countries. “So, looking at the indicators, our economy is fundamentally strong. Now, the question is, why is there rupiah depreciation? Well, it’s due to global factors,” he stated.