JAKARTA - Bank Indonesia (BI) Governor Perry Warjiyo is optimistic that the rupiah exchange rate against the United States dollar (USD) will stabilize again.
"I'm sure it's stable," Perry said after attending a limited meeting with President Prabowo Subianto at the Presidential Palace Complex, Jakarta, quoted by Antara, Tuesday, May 19.
However, Perry could not confirm when the rupiah would be stable.
On the same occasion, Minister of Finance (Menkeu) Purbaya Yudhi Sadewa reported to President Prabowo regarding the condition of the Indonesian economy in good condition, the State Budget (APBN) is also quite safe to support priority programs.
In addition, he also said that Indonesia's fiscal foundation is in good condition. The Ministry of Finance (Kemenkeu) will further socialize to the capital market, and investors.
"The economic conditions are good, the budget is also good, there are no problems, the economic foundation is really good. It's just that later the socialization is better to the market, to investors as well," said Purbaya.
Furthermore, Purbaya said the government had entered the bond market to maintain the stability of the rupiah exchange rate.
Gradually, the government will increase the value of investment in debt securities. Thus, foreign capital flows will return to Indonesia and are expected to strengthen the rupiah position.
Purbaya also said that in the near future a fiscal strategy based on President Prabowo's directions will be read.
The rupiah exchange rate (exchange rate) at the close of today's trading weakened to Rp17,668 per US dollar from the previous Rp17,597 per US dollar.
Bank Indonesia's Jakarta Interbank Spot Dollar Rate (JISDOR) today also moved to weaken to the level of Rp17,666 per US dollar from the previous Rp17,496 per US dollar.
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