US Dollar Surges and Purchases Restricted: Wire Factory Boss's Response
Jakarta, CNBC Indonesia - The weakening rupiah, accompanied by Bank Indonesia’s policy of restricting US dollar purchases, is beginning to attract the attention of industrial players. Nevertheless, business actors assess that the impact is not entirely negative, particularly for sectors with an export orientation.
Commercial Director of PT Beka Wire Indonesia, Sandy Suryadi, considers the rise in the US dollar not to be the main threat in the domestic market. He stated that this situation is felt evenly by all industrial players.
“For the Indonesian market, it’s not a challenge because when we experience a rise in raw materials, our competitors also face a rise in raw materials. However, in the end, the end consumer or downstream will feel it more heavily with these higher costs. But for exports, the rise in the US dollar actually helps us,” said Sandy at the PT Beka Wire Indonesia factory in Subang on Wednesday (6/5/2026).
On the other hand, Bank Indonesia’s policy of limiting dollar purchases without underlying to a maximum of US$50,000 per month, with the potential to be lowered to US$25,000, is also a concern for the business world. This policy is part of seven steps by BI to maintain rupiah stability amid global pressures.
Sandy acknowledged that the policy has become a topic of internal company discussion. However, he remains optimistic that the government will provide solutions if challenges arise in the field.
“Yes, that’s one of our agendas for discussion, and we also believe that if there are obstacles or limitations, but the goal is for the Indonesian nation, there will surely be a way out from the government,” he said.
Bank Indonesia itself emphasised that this restriction is implemented to strengthen the rupiah, while also encouraging diversification of foreign exchange transactions, including the use of local currencies such as the yuan. In addition, market interventions and liquidity strengthening are continuously carried out to maintain exchange rate stability.
Although there are several policy adjustments, industrial players like Beka Wire ensure that company operations continue normally. Government support is considered an important factor in sustaining the domestic industry.
“The government is definitely supportive because our pure goal is to develop Indonesian products,” said Sandy.
Previously, Bank Indonesia Governor Perry Warjiyo stated that he had reported seven steps to be taken to strengthen the rupiah.
This includes restrictions on dollar purchases. This was conveyed after a meeting with President Prabowo Subianto at the State Palace on Tuesday night (5/5/2026).
“What we have issued is the restriction on dollar purchases in the domestic market without underlying. Previously US$100,000 per person per month, we have reduced it to US$50,000 per person per month. That’s what we directly coordinated with KSSK for strengthening,” he explained as the fifth step taken by Bank Indonesia.