RRI.CO.ID, Jakarta – The rupiah exchange rate has exceeded IDR 18,000 per US dollar since the beginning of this week. Nevertheless, Bank Indonesia (BI) remains committed to maintaining stability as a prerequisite for sustainable economic growth.

Senior Executive Director and Head of BI’s Monetary and Securities Asset Management Department, Erwin Gunawan Hutapea, said rupiah stabilization efforts are being reinforced amid high global uncertainty. “Amidst high global uncertainty, rupiah exchange rate stabilization continues to be strengthened,” he said on Wednesday, July 29, 2026.

Erwin explained that BI will continue optimizing its monetary policy mix to maintain exchange rate stability. This strategy does not rely solely on the policy interest rate but also sharpens other monetary instruments.

Measures include triple intervention in the foreign exchange market (spot, NDF, and DNDF) and the issuance of Bank Indonesia Rupiah Securities (SRBI). “All of this will continue to be optimized to maintain exchange rate stability while supporting foreign capital inflows,” he said.

SRBI optimization is supported by a swap incentive facility, with the premium on portfolio investment hedge swaps reduced from 10 percent to 12.5 percent. Another incentive involves DNDF hedging, with the premium reduction set at 15 percent.

According to Erwin, SRBI’s current position is trending more manageable. Going forward, SRBI issuance will continue to support liquidity and foreign capital inflows, strengthening rupiah stabilization.

He added that BI is also optimizing various policy instruments to support economic growth. Implementation of the Macroprudential Liquidity Incentive (KLM) Policy will be reinforced to encourage financing for priority sectors.

BI will also accelerate its payment system digitalization policy to further stimulate economic growth. “This includes strengthening the liquidity redistribution mechanism in the financial sector to make financing transmission more effective,” Erwin said. (Misni Parjiati)