Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Rupiah Exchange Rate Strengthens in December

Translator

Najla Nur Fauziyah

Editor

Laila Afifa

21 December 2023 23:42 WIB

TEMPO.CO, Jakarta - The Bank Indonesia Governor Perry Warjoyo reported that the rupiah exchange rate over the US dollar continues to show an upward trend. This, he said, is in line with the consistency of Bank Indonesia's monetary policy and slow-down of global economic market uncertainty.

"On Dec. 20, 2023, the rupiah exchange rate strengthened about 0.44 percent on average compared to the growth in November," he said in a meeting live-streamed on Bank Indonesia's YouTube channel on Thursday, Dec. 21, 2023.

Seeing the growth, the rupiah exchange rate strengthened by 0.37 percent compared to December 2022. The growth was better than Phillippine's peso, India's rupee, and Thailand's baht which weakened 0.05 percent, 0.53 percent, and 0.85 percent respectively.

Aside from Bank Indonesia's stabilization policy, Perry attributed the continued appreciation of the Indonesian rupiah to foreign exchanges, domestic financial assets, and positive economic prospects.

"Going forward, Bank Indonesia will remain vigilant of several risks that will potentially emerge and ensure rupiah exchange stability," the BI governor said.

The pro-market monetary operation strategy through SRBI, SVBI, and SUVBI will be optimized to increase liquidity management of domestic financial institutions and invite foreign investment.

The central bank of Indonesia will also boost coordination with the government, banking companies, and the business world to support the implementation of foreign exchange instruments per Government Regulation No. 36 of 2023.

MOH. KHORY ALFARIZI

Editor's Choice: Bank Indonesia Builds Sovereign Rupiah Monument in Border Region

Click here to get the latest news updates from Tempo on Google News



Rupiah Inches Up as China Central Bank Cuts Interest Rate

2 hari lalu

Rupiah Inches Up as China Central Bank Cuts Interest Rate

Amid the strong rise of the US dollar, China's interest rate cut manages to encourage the Indonesian exchange Rupiah rate to remain strong.


Indonesia, South Korea Central Banks Ink MoU on QR-Based Cross-Border Payments Cooperation

10 hari lalu

Indonesia, South Korea Central Banks Ink MoU on QR-Based Cross-Border Payments Cooperation

Bank Indonesia (BI) and South Korea's Bank of Korea inked a Quick Response or QR code-based payments agreement.


Impacts of Rupiah Fluctuations and Rising Government Debts

12 hari lalu

Impacts of Rupiah Fluctuations and Rising Government Debts

CEO of BCA, Jahja Setiaatmadja, explains the impacts of volatile exchange rates, rising government debt, and how the market awaits the new cabinet.


Bank Indonesia Confident Rupiah to Stabilize This Year Despite Weakening 5.9 Percent

16 hari lalu

Bank Indonesia Confident Rupiah to Stabilize This Year Despite Weakening 5.9 Percent

Bank Indonesia is optimistic that the rupiah exchange rate will stabilize this year despite weakening by 5.9 percent y-t-d.


Indonesia's President-Elect Prabowo Subianto Vows to Protect Public Funds

17 hari lalu

Indonesia's President-Elect Prabowo Subianto Vows to Protect Public Funds

President-elect Prabowo Subianto pledged to safeguard public funds and ensure that they benefit the nation and society.


Rupiah Weakens, Industrial Sector Affected

23 hari lalu

Rupiah Weakens, Industrial Sector Affected

The rupiah weakened 75 points against the US dollar today, Tuesday, July 2, 2024.


Will Rupiah Depreciation Raise Fuel Prices? Pertamina Explains

29 hari lalu

Will Rupiah Depreciation Raise Fuel Prices? Pertamina Explains

Pertamina Patra Niaga is mulling over the possibility of raising non-subsidized fuel prices in July 2024.


Rupiah Volatility Indicator Still Below Target, Bank Indonesia Chief Says amid Alarming Depreciation

30 hari lalu

Rupiah Volatility Indicator Still Below Target, Bank Indonesia Chief Says amid Alarming Depreciation

Bank Indonesia Governor Perry Warjiyo said that the rupiah exchange rate volatility indicator was still observed below the target of 5.5 percent ytd.


Rupiah Weakens; Apindo Says Indonesia's Currency Depreciation Worst Among ASEAN-5

30 hari lalu

Rupiah Weakens; Apindo Says Indonesia's Currency Depreciation Worst Among ASEAN-5

The rupiah exchange rate against the U.S. dollar continues to weaken.


Economist Calls Rupiah Depreciation against Dollar an Anomaly amid Trade Surplus

31 hari lalu

Economist Calls Rupiah Depreciation against Dollar an Anomaly amid Trade Surplus

The rupiah is expected to depreciate further against the US dollar today, June 24, according to Laba Forexindo Berjangka director Ibrahim Assuaibi.