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Battered by the Exchange Rate

Monday, April 27, 2026

Rupiah depreciation drives up production costs as industries remain reliant on imported raw materials.

arsip tempo : 178045076180.

Trading activity at a plastic shop in Pasar Minggu, Jakarta, April 1, 2026. Tempo/Martin Yogi Pardamean. tempo : 178045076180.

JEMMY Kartiwa did not expect the rupiah to breach a new threshold above 17,000 per United States dollar. The development has rattled the textile industry, which still relies heavily on imported inputs. Key materials such as polyester fiber, rayon, and cotton are all priced against the US dollar. “We initially thought it would not pass Rp17,000 per dollar. But over the past few months, it has continued to exceed that level,” the Chairp

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Ghoida Rahmah

Macroeconomics Foreign Exchange Rupiah Fiscal Crisis
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