Rupiah Rescue Scramble
Bank Indonesia is deploying multiple measures to stem the rupiah’s decline. Pressure is mounting as foreign funds are fleeing and markets are growing increasingly doubtful about the direction of fiscal policy.
Ghoida Rahmah
May 11, 2026
BANK Indonesia (BI) Governor Perry Warjiyo hurried into the Presidential Palace in Jakarta on Tuesday afternoon, May 5, 2026. The rupiah had just plunged to a record low of 17,425 against the United States dollar at the close of spot trading, after opening weaker at 17,420 earlier that morning. Tempo observed at the palace that afternoon that President Prabowo Subianto had summoned Perry along with other members of the Financial System Stabi
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