TEMPO.CO, Jakarta - Bank Indonesia (BI) Governor Perry Warjiyo stated that the foreign exchange reserves are sufficient to support the institution's efforts to stabilize the rupiah's value. At the end of March 2026, the foreign exchange reserves were recorded at US$148.2 billion.
Perry stated that although foreign exchange reserves have decreased since February, it is still sufficient for BI to carry out large-scale interventions. "But the US$148.2 billion is more than enough; we measure the needs for intervention," said Perry during a press conference following the periodic meeting of the Financial System Stability Committee in Jakarta on Thursday, May 7, 2026.
According to Perry, BI's intervention measures to strengthen the exchange rate have been comprehensive, covering the domestic spot market, the foreign non-deliverable forward (NDF) market, and the domestic NDF market. "We intervene in the foreign market, in Hong Kong we intervene, in Singapore we intervene, in London we intervene, in New York we intervene, that's not business as usual, that's all out," said Perry.
On Thursday, May 7, 2026, the rupiah exchange rate closed stronger at Rp17,333 per U.S. dollar. Director of PT Traze Andalan Futures Ibrahim Assuaibi stated that this development was influenced by optimism about the possibility of the end of the war in the Middle East.
Ibrahim stated that the exchange rate development is partly influenced by the potential adjustment of fuel prices domestically. "The potential for fuel price adjustments is increasingly open due to increased fiscal pressure as a result of the surge in global energy prices, in addition to the subsidy burden that has the potential to exceed the assumptions of the State Budget," he said in a written statement on Thursday, May 7, 2026.
Read: Will 'Currency Swap' Deal Help Stabilize Rupiah?
Click here to get the latest news updates from Tempo on Google News
Today's Top 3 News: 7 BI's Rupiah-Strengthening Strategies, Floods Hit Jakarta
5 jam lalu
Here is the list of the top 3 news on Tempo English today.
Will 'Currency Swap' Deal Help Stabilize Rupiah?
9 jam lalu
Amidst global pressure, a currency swap deal with other countries could help stabilize the exchange rate of the Indonesian rupiah, Indef said.
Today's Top 3 News: 7 BI Rupiah-Strengthening Strategies Approved by Prabowo
1 hari lalu
Here is the list of the top 3 news on Tempo English today.
Purbaya to Launch Bond Stabilization Fund, What Is It?
1 hari lalu
The Finance Minister, Purbaya Yudhi Sadewa, will launch the Bond Stabilization Fund to stabilize bond yields and maintain the value of the rupiah exchange rate.
Minister Airlangga: Rupiah Decline Common in Hajj Season
1 hari lalu
Airlangga said currency depreciation is not unique to rupiah and is common across countries, particularly during the annual Hajj season.
Will BI Slash Monthly Dollar Purchase Limit to $25,000?
1 hari lalu
BI Tightens Foreign Exchange Purchases, Rupiah Stability Efforts
Prabowo Approves 7 Bank Indonesia Measures to Strengthen Rupiah
1 hari lalu
Indonesian President Prabowo Subianto approved seven Bank Indonesia (BI) strategies to strengthen the rupiah exchange rate.
Why Did Bank Indonesia Cut Dollar Purchase Limit to US$50,000?
1 hari lalu
Bank Indonesia plans to implement new regulations for purchasing US dollars above US$25,000 per person, requiring the use of underlying documents.
Rupiah Weakens Amid Rising Middle East Tensions
2 hari lalu
The rupiah weakened 11 points (0.07 percent) to Rp17,405 per U.S. dollar on Tuesday morning, from the previous close of Rp17,394.
Rupiah Hits 17,400; Bank Indonesia Vows Market Presence
2 hari lalu
Bank Indonesia maintains its market presence to stabilize the rupiah after it touched Rp17,405 per US dollar.
