Purbaya is confident that BI is able to control the rupiah exchange rate this year.

(Ki-ka) Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar, Minister of Finance Purbaya Yudhi Sadewa, Governor of Bank Indonesia (BI) Perry Warjiyo, and Chairman of the Board of Commissioners of the Deposit Insurance Corporation (LPS) Anggito Abimanyu in a press conference of the Financial System Stability Committee (KSSK) at the Ministry of Finance office, Jakarta. (Photo: ANTARA)

JAKARTA - Minister of Finance Purbaya Yudhi Sadewa believes that Bank Indonesia (BI) is able to control the level of the rupiah exchange rate in 2026.

The rupiah exchange rate has strengthened, with the latest level of Rp16,768 per US dollar at the close of trading on Tuesday, January 27, after it had almost touched Rp17,000 with a level of Rp16,945 per US dollar on Tuesday, January 20, 2026.

"I think they are quite expert and I will leave this to the central bank. They are quite good at controlling the rupiah exchange rate," said Purbaya as quoted by ANTARA, Tuesday.

Even though it relies on the central bank, Purbaya admitted that it will actively coordinate with the monetary authorities in an effort to maintain the rupiah exchange rate.

"The central bank will maintain the rupiah exchange rate and we will continue to coordinate with the central bank. I believe (strengthening) kan, Mr. Governor said it was strengthening. I'm with him," he added.

On the same occasion, BI Governor Perry Warjiyo is optimistic that the rupiah exchange rate will strengthen fundamentally supported by low inflation, improved economic growth, attractive investment returns, and BI's commitment to stabilizing the rupiah.

According to him, the factors that affect the current rupiah exchange rate are short-term factors, one of which is economic inflation due to rising food prices or volatile food.

This is due to extreme weather and natural disasters that have an impact on the distribution of food commodities.

To maintain the stability of the rupiah exchange rate, inflation rates, and national economic growth, Bank Indonesia has lowered the BI-Rate by 5 times since September 2024 to 4.75 percent, while still opening up opportunities for further interest rate reductions.

Perry said his party also continued to intervene in the foreign Non-Deliverable Forward (NDF) market, including in Asia, Europe, and America.

In addition, BI has also intervened in the domestic spot, spot, and Domestic Non-Deliverable Forward (DNDF) markets.