Dasco Urges Public to Sell US Dollars to Support Rupiah Exchange Rate
Deputy Speaker for Political and Security Affairs Sufmi Dasco Ahmad has urged the public to sell their US dollar currency, as the rupiah exchange rate moved to Rp 17,941 per dollar on Thursday morning, 11 June 2026. The rupiah exchange rate had earlier touched an all-time low of Rp 18,201 per US dollar on Monday, 8 June 2026.
“For friends who are currently holding dollars in the hope of making a gain, you had better release those dollars,” said the Daily Chairman of the Gerindra Party at the DPR building in Jakarta on Thursday. “Because if the rupiah strengthens next week, it would be a pity if you keep holding onto those dollars,” he continued.
According to Dasco, confidence in the government is strengthening, which has a positive influence on the rupiah exchange rate, which is also now considered to have appreciated. He also claimed to have received information from government ranks that the executive branch will continue efforts to stabilise the rupiah starting this week with special strategies.
“This week and going forward there are special strategies that will be carried out by the government, which I have heard and I believe will make the rupiah exchange rate strengthen,” he said.
During a working meeting with House Commission XI, Finance Minister Purbaya Yudhi Sadewa stated that the rupiah exchange rate up to early June 2026 continued to face pressure influenced by global sentiment, risk-off conditions in financial markets, and pressure from travel and domestic financial transactions. Data presented showed the rupiah exchange rate against the US dollar up to 8 June 2026 stood at Rp 18,039 per US dollar. According to Purbaya, the rupiah’s depreciation up to early June was mainly triggered by global sentiment and risk-off conditions in financial markets.
Nevertheless, Purbaya assessed that the current rupiah level potentially reflects an overshooting or undervalued condition. Domestic fundamentals are still considered strong, reflected in adequate foreign exchange reserves, a controlled current account deficit, inflation within the target range, and a pro-stability response from Bank Indonesia. The government is optimistic that more solid synergy and coordination between fiscal, monetary, and financial sector policies, accompanied by improvements in the governance of export proceeds and deepening of financial markets, will strengthen the foreign exchange supply domestically and boost investor confidence. Consequently, Purbaya said, the rupiah is expected to strengthen gradually in the second half of 2026.
Director of PT Traze Andalan Futures Ibrahim Assuaibi estimated that the rupiah exchange rate could continue to weaken to 19,000 per US dollar by the end of this month. He stated that the rupiah’s weakening trend to historically low levels will persist as long as geopolitical turmoil continues and the US central bank, the Federal Reserve, maintains and raises interest rates. Ibrahim also estimated the dollar index to be at a support level of 99.00 and resistance at 101.00. “This means there is a possibility the dollar index will sharply strengthen again,” Ibrahim said via voice message on Sunday, 7 June 2026. The strengthening of the dollar index, Ibrahim said, will have a significant impact on rising oil prices, rupiah weakening, and the plummeting value of gold and precious metals. The decline in precious metal prices, Ibrahim said, has driven Indonesians to buy US dollars, causing precious metals to weaken and the US dollar to further strengthen.