Rupiah Under Pressure, Palace Affirms Strong Economic Fundamentals

The government has confirmed it is continuously monitoring the movement of the rupiah exchange rate, which has recently experienced pressure against the US dollar. Amidst this fluctuation, the palace emphasised that Indonesia’s fundamental economic conditions remain strong and stable. Minister of State Secretary (Mensesneg) Prasetyo Hadi stated that the government, particularly the Ministry of Finance, is maintaining intensive coordination. This step is being taken to observe developments in the global financial market while preparing the necessary strategies to safeguard national economic stability. According to Prasetyo, the government’s focus is not solely on the exchange rate movement, but also on various macro indicators reflecting the overall health of the Indonesian economy. ‘Regarding the rupiah issue, our government, in this case the Ministry of Finance, continues to coordinate intensively to monitor and then take necessary steps,’ Prasetyo told the media on Thursday (4/6). He urged the public not to feel excessively worried about the rupiah’s fluctuation. Prasetyo stressed that several key indicators show the national economic condition remains well maintained amidst global uncertainty. Ongoing positive economic growth and a controlled inflation rate are concrete proof that the domestic economic foundation is in a solid condition. This serves as important capital for Indonesia in facing external challenges. ‘What is certain we can convey is that we must believe our economic fundamentals, as reflected by economic growth and maintained inflation, God willing, are indeed quite strong,’ he concluded.