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Finance Minister Asserts Economic Strength as Rupiah nears 17,000 Mark

By Jurnalis Senin, 16 Maret 2026 Pengunjung (48) 1 Mins Read
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Inp.polri.go.id - Jakarta. Minister of Finance Purbaya Yudhi Sadewa maintained that Indonesia’s economic fundamentals remain robust despite the Rupiah’s slide toward the 17,000 level against the US dollar. 

On Monday’s (16/3/2026)market close, the Rupiah weakened to Rp16,997, a 0.23% drop driven by global safe-haven demand amidst escalating Middle Eastern tensions. 

The Minister said that under normal conditions, the nation's high-speed economic growth should naturally strengthen the currency, though he deferred specific stabilization tactics to the central bank.

"If the economy is running fast, its fundamentals are good. Normally, the Rupiah should be strengthening," Minister Purbaya said, as cited by antaranews.com. 

He clarified that Bank Indonesia holds the sole mandate for exchange rate stability, avoiding further comment to prevent market speculation on government intervention. Market analysts noted that while domestic inflation remains controlled and trade balances show a surplus, the broad strength of the US dollar continues to pressure emerging market currencies. 

(mg/inp/pr/rs)

 

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