PT DSI Established as Government Confident Rupiah Can Reach Rp 16,900 per US Dollar

JAKARTA - The government is optimistic that the establishment of PT Danantara Sumber Daya Indonesia (DSI) will boost foreign reserves and strengthen the rupiah to Rp 16,900 per US dollar.

As of Thursday, 28 May 2026, the rupiah was trading at Rp 17,843 per US dollar in the spot market at 2.30pm WIB.

This confidence stems from the government’s efforts to regulate commodity export transaction records to curb under-invoicing and transfer pricing practices, which have long been blamed for foreign reserve leaks.

According to him, the measures are expected to redirect 10-20% of under-invoiced funds back into the country.

The action is expected to add $44 billion to foreign reserves, or approximately Rp 783.2 trillion (assuming an exchange rate of Rp 17,800 per US dollar), thereby strengthening the rupiah.

“This will strengthen the rupiah’s exchange rate to Rp 16,900 per US dollar,” said Fithra in a statement on Wednesday, 28 May 2026.

According to internal cabinet studies, an estimated Rp 15.4 trillion in national wealth has been lost between 1991 and 2024.

The loss equates to around 64% of Indonesia’s current GDP of Rp 24 trillion.

Fithra attributed the leakage to weak export transaction recording systems over the past 34 years.

Fithra added that the government has taken consolidating steps over the past six months to prepare DSI for professional and accountable operations.

“Therefore, we have established an export consolidation mechanism, with precedents set by countries such as Qatar, Saudi Arabia, Malaysia, and India,” he explained.

University of Indonesia (UI) BUMN expert Toto Pranoto noted that the commodity export agency concept, such as DSI, has been implemented in several countries.

According to Toto, the optimal benefits of the agency will heavily depend on transparent management integrity and oversight systems.

“The key issue is ensuring a robust operational mechanism so that the benefits for the nation and other stakeholders are fully optimised,” he said.