Latest news and articles about rupiah from NEX English
The Indonesian Finance Minister announced the government's readiness to intervene in the bond market to support the depreciating value of the rupiah, which has fallen to 17,500 rupiah against the dollar. This move comes amid increasing pressure on the national currency.
Indonesian Central Bank Governor Perry Warjiyo confirmed that the bank has adequate foreign exchange reserves to intervene in the market to support the rupiah. This statement comes as the currency has fallen to new record lows.
Indonesia's central bank has announced a reduction in the dollar purchase limit in the local market to $50,000 per person monthly, aiming to address global economic pressures. This decision was made by the bank's governor during a press conference in Jakarta.
Indonesia has experienced a significant decline in its foreign reserves during March, reaching the lowest level in two years. This drop comes amid efforts by the central bank to support the weakening Indonesian rupiah.
Indonesia has recorded a significant decline in its foreign reserves, which fell by <strong>$3.7 billion</strong> to <strong>$148.2 billion</strong> by the end of March 2026. This decrease is attributed to the repayment of external debts, despite positive foreign currency inflows from government bonds and taxes.