Inp.polri.go.id - Jakarta. Bank Indonesia Governor Perry Warjiyo said that the Indonesian rupiah's exchange rate against the U.S. dollar remains stable, with potential for further strengthening.

“We believe there is room for the exchange rate to stabilize and even appreciate. We are committed to maintaining this stability,” he said during a press briefing following the Financial System Stability Committee (KSSK) meeting on Friday (24/1/2025).

Governor Perry emphasized that despite global market fluctuations, the rupiah has remained resilient, thanks to interventions in the foreign exchange market, including spot transactions and secondary market purchases of Government Securities (SBN), as reported by antaranews.com.

The rupiah’s stability is supported by low inflation and strong economic growth. Foreign inflows, including Rp1.6 trillion in SBN and Rp 4 trillion in Sekuritas Rupiah Bank Indonesia (SRBI),  in Q4 2024, have further bolstered the currency.

SRBI is a type of financial instrument issued by Bank Indonesia to manage the liquidity in the domestic financial markets. 

Governor Perry also noted that the Export Proceeds (DHE SDA) policy will increase the supply of U.S. dollars, helping stabilize the exchange rate.

(mg/inp/pr/nm)