RRI.CO.ID, Jakarta - Bank Indonesia (BI) has reaffirmed its commitment to maintaining rupiah stability around the clock in global markets, even during domestic holidays, as the currency weakened to a new record low of IDR 17,800 per US dollar.

The rupiah slipped past that level in offshore trading during the Idul Adha holiday on May 27–28, 2026, before closing at IDR 17,883 per dollar on Friday, May 29, based on the Jakarta Interbank Spot Dollar Rate (JISDOR).

“Bank Indonesia remains present in the market to safeguard rupiah stability--around the world, around the clock,” BI’s Head of Communications, Ramdan Denny Prakoso, said in Jakarta on Friday," as quoted by Antara.

He explained that BI’s interventions include non-deliverable forward (NDF) transactions in offshore markets, spot and domestic NDF operations, and consistent secondary market purchases of government securities (SBN).

Ramdan noted that global uncertainty, particularly tensions in the Middle East, continues to weigh on the rupiah, alongside seasonal demand for foreign exchange to service external debt and repatriate dividends amid limited dollar inflows.

To strengthen policy effectiveness, BI has adjusted its monetary instruments to remain pro-market and attractive to foreign investors. Starting June 2026, BI will also impose a threshold of USD 25,000 per month for cash purchases of foreign currency without underlying transactions.

“BI continues to coordinate with relevant authorities to support financial market and exchange rate stability, including tighter oversight of banks and corporations with high dollar demand,” Ramdan said.

He stressed that the central bank will consistently monitor global and domestic market developments and take measured steps to safeguard rupiah stability and Indonesia’s external resilience. ***