House Budget Committee: Hopefully within 3 weeks the US Dollar returns to Rp17,500

The Chairman of the Budget Committee of the Indonesian House of Representatives, Said Abdullah, expressed gratitude that the government’s efforts managed to curb the rupiah’s depreciation on Tuesday (9/6/2026). Said noted the rupiah successfully strengthened from the previous level of Rp18,190 per US dollar during Monday’s trading to Rp18,022 per dollar today. ‘Alhamdulillah, today our rupiah experienced appreciation, from Rp18,190 per US dollar yesterday, strengthening to Rp18,022 per dollar today, this is thanks to the government’s hard work,’ said Said Abdullah during the opening session of a working meeting with the Minister of Finance, the Governor of Bank Indonesia, and the Minister of National Development Planning, Tuesday. Said expressed hope to the government that the rupiah could recover towards the level of around Rp17,500 per US dollar within the next three weeks, following intensified fiscal and monetary policy efforts. ‘Insyaallah, hopefully with hard work, the blend of fiscal and monetary policies from the Minister of Finance and the Governor of Bank Indonesia, we hope at least next week or in two weeks, or three weeks, we build realistic optimism so the rupiah can recover at least to Rp17,500 per US dollar within three weeks,’ he explained. Earlier today, the rupiah managed a slight strengthening after Bank Indonesia raised its benchmark interest rate by 25 basis points to 5.5%. At around 12:30 WIB, the rupiah was observed at Rp18,080 per dollar, strengthening by about 0.50% against the US dollar. At the close of trading today, the rupiah ended 0.66% stronger at Rp18,050 per dollar. The weekly Board of Governors Meeting of Bank Indonesia today, 9 June 2026, decided to further raise the BI-Rate by 25 bps to 5.50%, the Deposit Facility rate by 25 bps to 4.50%, and the Lending Facility rate by 25 bps to 6.25%. This increase is a further step to strengthen the stabilisation of the rupiah exchange rate from the impact of high global volatility due to the war in the Middle East, as well as a pre-emptive measure to maintain inflation in 2026 and 2027 within the government’s target range of 2.5±1%. This policy is also aimed at enhancing yields to attract foreign portfolio investment inflows into Indonesia.