Dollar Breaches Rp17,000, Airlangga Says Rupiah Not Pressured Alone
Jakarta, CNBC Indonesia - Coordinating Minister for the Economy Airlangga Hartarto has spoken out regarding the rupiah exchange rate reaching Rp17,000 per US dollar. According to him, many other countries’ currencies are also experiencing weakening.
According to Refinitiv data, the rupiah closed in the red with a 0.35% depreciation to Rp17,090/US$. This position marks a new record as the weakest closing level ever for the Garuda currency.
“And it’s not just the rupiah; various other currencies are the same,” said Airlangga, after a limited meeting at the Presidential Palace Complex, Tuesday (7/4/2026).
Meanwhile, other currencies under pressure against the US dollar include, among others, the Korean won, Thai baht, Indian rupee, and Philippine peso. On the same occasion, Bank Indonesia Governor Perry Warjiyo declined to comment on the rupiah’s weakening that breached the lowest level.
Previously, Finance Minister Purbaya Yudhi Sadewa also stated that policies regarding the rupiah’s weakening are left to the central bank.
“If it’s about our rupiah, we leave it to the central bank, to the experts. I believe they can fix it,” said Purbaya when met by reporters, Tuesday (7/4/2026).
According to him, the rupiah exchange rate simulation in the macro assumptions has been adjusted. Currently, he assesses that the level is still appropriate with the government’s scenario.
“So it’s still within that scenario,” he said.
The rupiah’s movement throughout today’s trading was influenced by external and domestic sentiments. Externally, the US dollar remains stable amid cautious market participants continuing to monitor the escalation of the Iran conflict.
Market participants’ attention is focused on the latest deadline from US President Donald Trump regarding the reopening of the Strait of Hormuz. Although there were reports of last-ditch efforts to push for a ceasefire, the global market so far remains overshadowed by uncertainty.
This situation has triggered concerns over higher inflation, altering expectations for the direction of global interest rates, while also making the US dollar sought after again as a safe-haven asset. As a result, the room for strengthening of other countries’ currencies, including the rupiah, has become increasingly limited.