The Rupiah’s Miserable Year Under Prabowo
Monday, October 6, 2025
The rupiah’s slump reflects the government’s weak fiscal discipline, as state financial management continues to move in the wrong direction.
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THE rupiah’s fate in President Prabowo Subianto’s first year in office has been nothing short of miserable. Based on Bank Indonesia’s reference rate, the currency has depreciated 7.9 percent against the United States dollar since the President’s inauguration last October.
What makes this slump particularly troubling is that it has happened while the dollar itself has been weakening on global markets. The US Dollar In
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