Dollar Returns to Rp17,300, BI Governor: Rupiah Remains Stable!

Jakarta, CNBC Indonesia - Bank Indonesia Governor Perry Warjiyo has assured that the rupiah’s exchange rate movement against the US dollar remains stable. The rupiah exchange rate was recorded closing stronger against the United States dollar on Thursday’s trading (7/5/2026).

Referring to Refinitiv data, the Garuda currency successfully ended the day’s trading in the green zone with an appreciation of 0.29% to the level of Rp17,330/US$. This marks two consecutive days of strengthening since yesterday, Wednesday (6/5/2026).

According to Perry, the rupiah’s depreciation rate is kept in line with other countries. On the other hand, foreign exchange reserves are also more than sufficient, namely $148.2 billion as of March 2026.

In the monetary field, it has been announced, said Perry, that BI maintained the interest rate in February, March, and April at 4.75% to strengthen rupiah stability.

“Those monetary policies are also supported by various 7-step rupiah stabilisation policies, including spot interventions, NDF, DNDF in various global centres such as Singapore, Hong Kong, London, New York, and strengthening SRBI to enhance foreign capital inflows,” said Perry, during the KSSK press conference on Thursday (7/5/2026).

Perry also stated that BI has been purchasing government bonds since May worth Rp123 trillion as part of monetary and fiscal cooperation and coordination.

To maintain liquidity, BI is also managing the growth of primary money. BI data records that the latest primary money growth is 14% or double digits.

“This is supported by deepening the foreign exchange market, including strengthening foreign exchange transactions by increasing the dollar purchase threshold to US$25,000 per month per person with underlying transactions. Also, the domestic rupiah-renminbi market for diversification from the dollar to the yuan,” he said.