Video: Indonesia's Dependence on Fuel and Soybean Imports Urgently Requires Rupiah Stability

CNBC Indonesia, in collaboration with Bank Indonesia, presents the Central Banking Forum 2026 with the theme “Indonesia’s Economic Resilience in Facing Global Exchange Rate Volatility”. This forum will thoroughly examine Indonesia’s responses and those of monetary authorities to global challenges, while strengthening national economic resilience and maintaining market confidence and positive perspectives.

Executive Director of the Center of Reform on Economics (CORE), Mohammad Faisal, shared his views at the Central Banking Forum 2026 on the opportunities for Indonesia’s growth momentum remaining open amid global economic and geopolitical pressures.

One pressure that the government must pay attention to is the energy sector, given Indonesia’s dependence on oil and fuel imports. Nevertheless, Indonesia only supplies energy from Gulf countries at 20%, so energy supplies from Africa could support Indonesia’s energy resilience; this is better than Malaysia, which has a dependence of up to 70%, and the Philippines, which relies 95% on the Middle East.

This situation also presents an opportunity to promote the development of renewable energy sources (EBT) while utilising the windfall from surging commodity prices such as coal. However, it should be remembered that import commodity prices for food items like sugar and soybeans are surging, making the stability of the Rupiah’s exchange rate very important.

For more details, watch the Central Banking Forum 2026, CNBC Indonesia (Tuesday, 14/04/2026).