JAKARTA - Bank Indonesia (BI) reiterated its commitment to continue to maintain the stability of the Rupiah exchange rate amid the dynamics of the global and domestic financial markets.
For information, based on Bloomberg data as of 13.58 WIB, the rupiah was at the level of Rp17,954 per US dollar, weakening 116.50 points or 0.65 percent.
Head of the Communication Department of Bank Indonesia Ramdan Denny Prakoso said BI will continue to monitor market developments and present through various consistent and measurable policy steps to maintain the stability of the national currency while strengthening the external resilience of the economy.
"Bank Indonesia continues to be in the market by optimizing all the policy instruments it has to ensure that the market mechanism runs well and maintain the adequacy of foreign exchange liquidity to support financial market stability," he explained in his statement, Wednesday, June 3.
In addition, he added that since June 2, 2026, BI has implemented a new provision in the form of a limit (threshold) for the purchase of foreign exchange against the Rupiah without underlying of 25,000 US dollars per actor in one month.
On the other hand, Ramdan said BI continues to expand the use of local currency in bilateral transactions through the Local Currency Transaction (LCT) scheme.
According to him, this policy aims to reduce dependence on the US dollar while mitigating the risk of exchange rate fluctuations, and to date, LCT cooperation has been established with China, Japan, Malaysia, Thailand, South Korea, and the United Arab Emirates.
Ramdan said BI also emphasized the importance of synergy between all stakeholders in maintaining the stability of the rupiah.
Therefore, he added, BI will continue to coordinate with the government, the Financial Services Authority (OJK), the banking sector, the business world, and market participants to continue to be strengthened to support the effectiveness of market mechanisms and increase the external resilience of the national economy.
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