JAKARTA, May 5 (Bernama) -- Bank Indonesia (BI) will continue to intervene in the market to ensure orderly functioning as the rupiah weakens to around 17,400 against the US dollar amid ongoing global pressures.
Head of BI’s Monetary and Asset Management Department, Erwin Gunawan Hutapea, said the central bank continues to optimise interventions in the foreign exchange market through non-deliverable forward transactions in offshore markets, as well as spot and domestic non-deliverable forward transactions in the domestic market.
He added that BI is also purchasing government securities in the secondary market.
“These measures are carried out consistently to maintain the stability of the rupiah exchange rate amid ongoing global pressures,” he said, according to Antara News Agency on Tuesday.
The rupiah traded at around Rp17,426 per US dollar as of 10.41am local time on Tuesday, based on spot prices in the global foreign exchange market.
Erwin noted that the rupiah’s movement remains broadly in line with the majority of other emerging market currencies amid heightened uncertainty, including geopolitical tensions in West Asia.
He added that Indonesia’s foreign exchange reserves stood at US$148.2 billion at the end of March 2026, down by US$3.7 billion from US$151.9 billion recorded in February.
Despite the decline, Erwin said the reserve level remains solid, equivalent to financing 6.0 months of imports or 5.8 months of imports and government external debt repayments, well above the international adequacy benchmark of approximately three months of imports.
-- BERNAMA
