Rupiah Near Rp17,000 Level, BI Reaffirms Commitment to Maintaining Stability

Bank Indonesia (BI) has reiterated its commitment to maintaining the stability of the rupiah in the face of heightened geopolitical tensions in the Middle East. It said interventions would continue to minimise the broadening impacts of the conflict. ‘Bank Indonesia will continue to be present in the market in order to maintain exchange-rate stability to prevent the impact of the widening Middle East conflict,’ Destry Damayanti, Senior Deputy Governor of Bank Indonesia, said in an official statement to reporters on Wednesday (4 March 2026). Destry explained that so far the rupiah’s weakness is still aligned with regional currencies. On a month-to-date basis, the rupiah has weakened by 0.51 per cent and is claimed to be relatively better than regional peers. The rupiah was at Rp 16,902 per US dollar at 11.00 WIB on Wednesday (4 March 2026), moving closer to Rp 17,000 per US dollar. ‘Firm and consistent interventions will continue to be carried out through Non-Deliverable Forward (NDF) transactions in the offshore market, spot transactions and Domestic Non-Deliverable Forward (DNDF) in the domestic market, accompanied by purchases of government securities (SBN) in the secondary market,’ stressed Destry. The rupiah is believed to remain relatively sound as its foreign exchange reserves are safeguarded. BI recorded foreign exchange reserves at $154.6 billion at the end of January 2026. Meanwhile, foreign capital inflows into the domestic financial markets in 2026 were recorded at Rp 25.7 trillion.