Rupiah Nyaris Rp18.000 per Dolar! Purbaya: Sebenarnya Tidak Masuk Akal

追加: 2026-06-03

[00:00:01]The rupiah exchange rate was under pressure again in trading on Thursday, May 28, 2026.

[00:00:07]Based on spot market monitoring, the rupiah touched 17,873.5 per US dollar, weakening by around 0.41% at 11:23 a.m. Western Indonesian Time.

[00:00:22]This weakening occurred when various domestic economic indicators were still considered to be in relatively good condition.

[00:00:30]This situation has attracted the attention of the Indonesian Minister of Finance, Purbaya Yudhi Sadewa. When met at the Salahuddin Mosque area, the Purbaya Directorate General of Taxes Head Office assessed that the weakening of the rupiah should not have occurred if Indonesia's economic fundamentals were truly in a safe condition. It doesn't actually make sense. "Usually, it weakens when there are disturbances in the economic fundamentals," said Purbaya, Wednesday, May 27, 2026. According to him, the currency exchange rate generally experiences pressure when there are disturbances in the economic foundations of a country.

[00:01:09]However, Purbaya confirmed that the current rupiah exchange rate movement has been taken into account by the government in various economic simulations, including the assumption that the world oil price is pegged at 100 US dollars per barrel. So there is no problem. " I don't have to recalculate the APBN," he added [music]. Therefore, the government has not seen any need to readjust the state budget. Due to the current exchange rate fluctuations.

[00:01:41]Amid the weakening rupiah, Purbaya actually revealed positive developments in the domestic financial market. He said that the yield on government bonds or bond yields has decreased.

[00:01:53]So as long as the bond market is controlled, the ability of investors, especially foreign and domestic, to invest in our bonds will be maintained, he explained.

[00:02:03]According to him, this condition is influenced by the government's active steps to maintain the stability of the bond market. With the controlled bond market, the confidence of both domestic and foreign investors is considered to be maintained.

[00:02:18]Purbaya even admitted to having seen the influx of foreign capital into the Indonesian bond market in recent times. This influx of funds is one indicator that investor interest in Indonesian financial instruments is still quite strong even though the rupiah is under pressure.

[00:02:36]The government also emphasized that it will continue to prepare various follow-up policies to strengthen the rupiah's position. Purbaya stated that additional steps will still be taken to help encourage a more significant strengthening of the exchange rate in the coming period.

[00:02:52]In the future, there will be more government actions that will help significantly increase the rupiah's exchange rate, he concluded. [music] Meanwhile, pressure on the rupiah also comes from external factors.

[00:03:05]Financial Futures chief analyst Lukman Long estimates that the Garuda currency still has the potential to weaken as long as the US dollar maintains its strength. According to Lukman, the dollar's strengthening was triggered by increasing geopolitical tensions following the United States' attack on Iran. This condition has made the prospect of peace in the Middle East increasingly uncertain and prompted global investors to seek assets considered safer.

[00:03:32]Domestically, market sentiment has also not fully recovered. The weak stock market and the lack of full return of investor confidence are considered to be factors weighing on the rupiah's movement. Lukman estimates the rupiah will move in the range of Rp17,750 to Rp17,900 per US dollar. This projection places the Rp18,000 per dollar level as a psychological boundary that is now being closely monitored by market players.

[00:04:02]On the other hand, the government is optimistic that pressure on the rupiah can still be managed. [music] Bond market stability, foreign capital inflows, and various policy instruments being prepared will be the mainstays for reducing exchange rate volatility in the near future.