US Dollar Nears Rp17,100, BI Issues Statement!

Bank Indonesia (BI) states that the weakening of the rupiah exchange rate against the US dollar is influenced by global sentiment. BI assures that it is present in the market to maintain rupiah stability.

This was conveyed by BI Senior Deputy Governor Destry Damayanti in a written statement on Tuesday (7/4/2026).

According to Refinitiv data, the rupiah closed in the red zone with a 0.35% depreciation to the level of Rp17,090/US$. This position marks a new record as the weakest closing level ever for the Garuda currency.

Destry explained that rupiah stability is currently the central bank’s top priority. Global uncertainties triggered by the war in the Middle East continue, necessitating anticipation through various policies.

“In the midst of very high global uncertainty, stability is currently the top priority for Bank Indonesia (BI). To this end, BI will optimise the use of all monetary operation (OM) instruments it possesses, as well as OM policies, to maintain exchange rate stability,” said Destry.

BI, continued Destry, consistently and measuredly conducts interventions in the spot market, Domestic Non-Deliverable Forward (DNDF), and Non-Deliverable Forward (NDF) in the offshore market.

Fundamentally, the ongoing war causes a rise in commodity prices. Indonesia faces pressure from the increase in world oil prices. On the other hand, Indonesia benefits from the rise in prices of coal, nickel, and others.

“Indonesia’s position as an exporting country can provide a positive effect on our economy, thereby offsetting the pressure on the exchange rate due to that escalation,” she concluded.