rupiah

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.

Bank Indonesia cut rates unexpectedly in mid-September, its third in as many meetings, to support the economy after protests over job losses and low wages.

Indonesian bonds are top pick for Schroders on Purbaya, BI bets

Sovereign bonds have had a good run, returning 2% in October alone

The rupiah touched 6,790 a dollar during early Friday trading, its weakest since April, but the currency reversed course and ended the trading session up 0.06 per cent from the previous day’s close.

Indonesia central bank to use all available instruments 'boldly' to stabilise rupiah

The central bank is certain that currency stabilisation efforts will guide the rupiah to reflect fundamental value

Transactions made in rupiah see the largest growth when it comes to the use of local currencies in trade settlement among companies in South-east Asia.

Rupiah rides surge in Asean cross-border trade using local currencies

But uptake remains uneven, with activity concentrated among SMEs while bulk of trade settlements continue to be dominated by the greenback: analysts