Rupiah Rp18,000 per US Dollar, OJK Assures There is No Potential for Bank Rush

JAKARTA - The Financial Services Authority (OJK) ensures that there is currently no potential for large-scale withdrawals or bank rush as the rupiah exchange rate weakens, given the political security situation, and Indonesia's economy is considered to remain conducive.

"Bank rush is generally caused by issues of public confidence in the banking system. So efforts to maintain public confidence must always be carried out by bank management," said Head of Banking Supervision of OJK Dian Ediana Rae, quoted by Antara.

He added that public confidence in banking can be maintained through efforts to maintain the bank's good performance, the implementation of prudential banking or the principle of prudence in bank management, and the implementation of active risk management in every line of business.

Dian said that OJK was aware that, theoretically, the weakening of the rupiah exchange rate could have an impact on the increase in imported goods prices (imported inflation), lowering people's purchasing power due to the increase in commodity prices, and burdening the fiscal because government subsidies are still quite large.

On the other hand, according to him, the weakening of the exchange rate can increase the competitiveness of Indonesian export products in the global market and make Indonesia relatively more attractive for foreign tourists.

"Therefore, we always carry out periodic monitoring and evaluation related to the movement of exchange rates and its impact on banking," said Dian.

In April 2026, the ratio of net foreign position (PDN) of the banking sector was recorded at 1.63 percent with a long position or foreign exchange assets (foreign exchange) greater than foreign exchange liabilities. This, said Dian, shows that the direct exposure of the banking sector to exchange rate risk is relatively maintained and controlled.

"Thus, the immediate impact of the weakening of the rupiah on banking stability is still relatively limited," he said.

However, Dian said that the continued weakening of the rupiah would have an impact on debtors who have exposure to foreign exchange movements. This can ultimately put pressure on the debtor's ability to pay and increase credit risk.

In this condition, OJK continues to ask banks to ensure the adequacy of the formation of the reserve for impairment losses (CKPN) and strong capital resilience.

To ensure that banks in Indonesia have measured and controlled various risks, OJK continues to monitor the development of risks and asks banks to always implement comprehensive risk management.

To measure the resilience of banks in the face of various potential macroeconomic shocks, OJK also routinely continues to conduct stress tests. Based on the results of the stress test, the banking sector is considered still able to face potential pressures arising from the weakening of the rupiah.

As of April 2026, the capital adequacy ratio (CAR) indicator of the banking sector after taking into account the dividend distribution was recorded at 23.97 percent. This indicates the strong capital strength of the banking sector as an adequate risk mitigation buffer.

Meanwhile, credit quality remains maintained with a gross NPL ratio of 2.17 percent and a net NPL of 0.84 percent, and loan at risk (LAR) was recorded at 8.82 percent.

The liquidity coverage ratio (LCR) is at the level of 192.37 percent, and the ratio of liquid assets/non-core deposits (AL/NCD) and liquid assets/third-party funds (AL/DPK) are 111.13 percent and 25.39 percent, respectively.