JAKARTA, April 7 — Bank Indonesia (BI) is optimising the use of its monetary operation instruments and actively participating in the spot and domestic forward markets to strengthen the rupiah, which has weakened beyond the 17,000 level against the United States (US) dollar due to increased global uncertainty.
ANTARA News Agency reported its Senior Deputy Governor Destry Damayanti as saying that maintaining exchange rate stability has become a priority as external pressures intensify.
“Amid high global uncertainty, stability is currently a priority for Bank Indonesia,” she said today.
Destry added that BI has consistently engaged in the money market, including the spot market and the Domestic Non-Deliverable Forward in the domestic market, as well as the Non-Deliverable Forward in the offshore market.
The impact of the West Asia conflict is twofold: higher commodity prices and Indonesia’s position as an exporter could have a positive effect on the economy and help offset pressure on the rupiah arising from the escalation.
According to market data, the rupiah closed at 17,105 per US dollar today, weakening by 70 points or 0.41 per cent from the previous close of 16,980, while Bank Indonesia’s Jakarta Interbank Spot Dollar Rate also weakened to 17,092 from 17,037 previously.
BI stated that it would calibrate its intervention instruments in response to three possible scenarios stemming from the conflict, depending on the trajectory of global oil prices.
On March 17, Governor Perry Warjiyo said that the policy response is reinforced by maintaining adequate foreign exchange reserves and supported by interest rate policy.
The latest data from Statistics Indonesia showed Indonesia recorded a trade surplus of US$1.27 billion (RM5.12 billion) in February 2026, up from US$0.95 billion (RM3.83 billion) in January.
Separately, BI reported foreign exchange reserves stood at US$151.9 billion (RM612.3 billion) at end-February 2026, equivalent to 6.1 months of imports or 5.9 months of imports and government external debt payments, well above international adequacy standards.
