rupiah

Why Indonesia’s rupiah hit a record low in January

Analysts widely expect the currency to weaken further in 2026

The rupiah slid to 16,985 per US dollar on Tuesday ahead of a policy decision by the central bank this week, where analysts expect the BI to stand pat on rates.

Indonesia’s rupiah hits record low on central bank independence worries

The currency is down nearly 2 per cent in January after dropping 3.5 per cent in 2025

The rupiah has dropped more than 1% this month, making it the worst performer in Asia after the South Korean won.

Rupiah may sink past record low as fiscal woes erode BI support

The central bank is expected to keep its policy rate unchanged when it meets on Wednesday to anchor the currency

Analysts note that Bank Indonesia’s immediate priority remains defending the Indonesian currency, even as it signals that it is open to gradual rate cuts under the right conditions.
OUTLOOK 2026

Rupiah risks to shape Bank Indonesia’s cautious easing path in 2026

The challenge of balancing economic growth with currency stability has become increasingly pronounced for the central bank

The rupiah has fallen more than 3% against the US dollar this year to be the second worst-performing currency in Asia.

Indonesia’s vow to balance currency, growth may cushion rupiah

BI’s 125 basis points of rate cuts in 2025 have also reduced the attractiveness of the country’s assets

Indonesia's Ministry of Finance has unveiled plans for a new bill to redenominate the rupiah that involves cutting three zeros from the currency.
BT EXPLAINS

Indonesia’s rupiah reform: Will it make my Bali holiday more expensive?

Redenomination can improve the country’s economic efficiency and enhance confidence in the currency, but risks driving inflation

Behind the Malaysian currency’s outperformance lies a more muted regional showing, with its South-east Asian counterparts breaching record lows and its East Asian peers grasping onto slim year-to-date gains against the US dollar.

Ringgit’s winning streak masks Asia’s currency weakness

Philippine peso and dong breach record lows; rupiah, won and yen continue slide

The rupiah has hovered around 16,600 against the US dollar and weakened by more than 3% in the year to date, making it one of Asia’s weakest currencies.

Weak rupiah, capital outflows could complicate Indonesia’s redenomination plan: analysts

The country’s plan to simplify the rupiah’s nominal value has resurfaced repeatedly over the past decade

The last time the government submitted a draft to Parliament was in 2013. It proposed slashing three zeroes of the rupiah banknote, but the draft was shelved.

Indonesia plans a bill to redenominate rupiah currency

[JAKARTA] Indonesia’s finance ministry said it is planning a new bill to redenominate the rupiah in an effort to improve economic efficiency, maintain stability and improve the currency’s credibility.