{"id":475311,"date":"2026-06-04T04:58:09","date_gmt":"2026-06-04T04:58:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/475311\/"},"modified":"2026-06-04T04:58:09","modified_gmt":"2026-06-04T04:58:09","slug":"indonesian-rupiah-falls-to-record-low-against-us-dollar","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/475311\/","title":{"rendered":"Indonesian rupiah falls to record low against US dollar"},"content":{"rendered":"

JAKARTA: Indonesia’s rupiah hit its weakest level ever<\/a> against the dollar on Thursday (Jun 4), breaching the psychological 18,000 threshold amid concerns about the country’s economy amid surging energy costs.<\/p>\n

The unit hit 18,028 against the greenback despite recent central bank efforts to provide support.<\/p>\n

The rupiah has tumbled more than 7 per cent this year and is Asia’s worst-performing currency<\/a>, according to Bloomberg News, as the US-Israel war on Iran sent global oil prices surging.\u00a0<\/p>\n

Permata Bank chief economist Josua Pardede said an exchange rate of 18,000 was a “psychological threshold” for market investors.<\/p>\n

The weakening, he told AFP, was fuelled by high dollar demand caused by the spike in oil prices and a narrowing trade surplus.<\/p>\n

Indonesia is a net oil importer and is particularly impacted by the rising crude costs, though the government insists it will leave subsidised fuel prices unchanged.\u00a0<\/p>\n

The country’s trade surplus has been hammered, narrowing to just US$89 million in April, from US$3.3 billion a month before, further reducing dollar supply in the Indonesian market, Josua said.\u00a0<\/p>\n

“Dollar supply from goods trade is dwindling, while dollar needs for energy imports, raw materials, dividends, foreign debt payments and seasonality needs remain significant,” he told AFP on Wednesday.\u00a0<\/p>\n

“This is why the increase in the BI (Bank Indonesia) lending rate and intervention is not enough to reverse the rupiah’s (depreciation).”<\/p>\n

The central bank hiked rates by 0.5 basis points to 5.25 per cent last month – the first increase in two years – as it looked to stabilise the rupiah and keep inflation in check.<\/p>\n

And spokesman Ramdan Denny Prakoso said Wednesday that it continued to use “all available policy instruments” to “maintain adequate foreign exchange liquidity”.\u00a0<\/p>\n

Bank Indonesia also tightened rules for dollar purchases. Since May, buyers of more than US$25,000 in a given month must provide supporting documents to justify their need for greenbacks.<\/p>\n

The level was previously lowered from US$100,000 to US$50,000 in April.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"JAKARTA: Indonesia’s rupiah hit its weakest level ever against the dollar on Thursday (Jun 4), breaching the psychological…\n","protected":false},"author":2,"featured_media":475312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,1445,7554,46],"class_list":["post-475311","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-indonesia","tag-indonesian-rupiah","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/475311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=475311"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/475311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/475312"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=475311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=475311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=475311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}