As of Tuesday, the rupiah has strengthened against the United States dollar by 0.94 percent point to point (ptp) after experiencing a decline of 1.69 percent (ptp) in February 2025.
At a press conference on the results of the March 2025 meeting of the central bank's board of governors here on Wednesday, Warjiyo said that the rupiah rate development was influenced by a decline in foreign capital inflows into regional stocks, including in Indonesia, amid global uncertainty.
"Rupiah stability is consistent with the stabilization policy carried out by Bank Indonesia," he said.
The controlled rupiah exchange rate is reflected by its relative stability compared to the currencies of Indonesia's main trading partners for emerging markets, and it remains stronger against a group of developed countries' currencies outside of the US dollar, Warjiyo highlighted.
"Going forward, the rupiah exchange rate is expected to remain stable, supported by BI's commitment to maintaining the exchange rate stability, attractive yields, low inflation, and positive prospects for Indonesia's economic growth," he added.
He said that all monetary instruments will continue to be optimized. This will include strengthening pro-market monetary operation strategies through the optimization of BI's rupiah securities (SRBI), foreign currency securities (SVBI), and foreign currency sukuk (SUVBI), he expounded.
As of March 17, 2025, the SRBI, SVBI, and SUVBI instruments were recorded at Rp892.36 trillion, US$2.30 billion, and US$320 million, respectively.
Warjiyo explained that the strategies are being carried out to enhance the effectiveness of policies aimed at attracting foreign portfolio investment inflows and supporting rupiah exchange rate stability.
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Translator: Rizka, Kenzu
Editor: Primayanti
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