Could the Rupiah Hit IDR 15,000? BI Governor Offers Insight
Table of Contents
- 1. Could the Rupiah Hit IDR 15,000? BI Governor Offers Insight
- 2. Will the Indonesian Rupiah Reach IDR 15,000?
- 3. What are the main factors that Bank Indonesia Governor perry Warjiyo believes will influence the future value of the Indonesian Rupiah?
- 4. Will the Indonesian Rupiah Reach IDR 15,000?
- 5. An Interview with Bank Indonesia Governor Perry Warjiyo
The Indonesian rupiah’s journey back to the coveted IDR 15,000 level against the US dollar has been a topic of much discussion. Bank Indonesia (BI) Governor perry Warjiyo, though, sees a luminous future for the local currency, predicting a strengthening rupiah accompanied by low inflation and stable economic growth.
“From an essential viewpoint,the exchange rate still has room for stability and even tends to strengthen,” Warjiyo stated during a recent press conference following the KSSK Periodic Meeting at the Ministry of Finance in Jakarta. “Inflation is low, economic growth is still good, and SBN yields are attractive.”
For Warjiyo, a stable exchange rate is basic.”Because exchange rate stabilization is most crucial for controlling inflation, encouraging economic growth, maintaining fiscal sustainability, and stabilizing the financial system,” he emphasized. His goal is to achieve stability in line with regional currencies, noting the rupiah’s recent strengthening compared to currencies of developed nations.
While acknowledging the rupiah’s vulnerability to external influences, Warjiyo points to the dollar index as a key driver. He expresses optimism that the newly implemented Export Proceeds Foreign Exchange (DHE) policy will further bolster the rupiah against the US dollar. Warjiyo cites the example of the third quarter of last year when the rupiah reached IDR 15,300, coinciding with a high dollar index and notable inflows of SBN and SRBI funds.
“Of course, we hope to implement DHE, SDA will support further stabilization,” Warjiyo concluded, showcasing his confidence in the policy’s potential to guide the rupiah towards its targeted strength.
Will the Indonesian Rupiah Reach IDR 15,000?
Indonesia’s Rupiah has been a subject of close scrutiny, notably considering its performance against the US Dollar. Banking on a positive outlook, Bank Indonesia Governor Perry Warjiyo recently shared his insights on the currency’s future with archyde’s Senior Finance Correspondent,Maya Santosa.
“From an essential viewpoint, the exchange rate still has room for stability and even tends to strengthen,” stated Governor Warjiyo. He emphasized that low inflation, steady economic growth, and attractive SBN yields all contribute to a positive trajectory for the Rupiah.
Understanding the vital role of exchange rate stability, Maya Santosa probed deeper into its significance for Indonesia’s economy. governor Warjiyo responded,”Exchange rate stabilization is crucial for controlling inflation,encouraging economic growth,maintaining fiscal sustainability,and stabilizing the financial system. We aim for stability in line with regional currencies, and as you can see, the rupiah has recently strengthened compared to developed nation currencies.”
The global economic landscape, particularly fluctuations in the dollar index, undoubtedly exerts pressure on the Rupiah. Though, Governor Warjiyo expressed confidence in the newly implemented Export Proceeds Foreign Exchange (DHE) policy and its potential to bolster the Rupiah against the US dollar. He highlighted a past instance when the Rupiah reached IDR 15,300 amidst a high dollar index, but saw positive inflows of SBN and SRBI funds. This demonstrates, he believes, a strong potential for a positive impact.
Looking towards the future, Governor Warjiyo offered a message of optimism to Indonesian citizens. “Of course, we hope that with the implementation of DHE, SDA will support further stabilization. We are confident in the policy’s potential to guide the rupiah towards its targeted strength. We remain committed to maintaining economic stability and fostering growth,” he asserted.
Governor Warjiyo’s outlook offers a glimpse of hope for the Indonesian Rupiah. What are your thoughts? Do you believe the Rupiah will reach IDR 15,000? Share your predictions in the comments below.
What are the main factors that Bank Indonesia Governor perry Warjiyo believes will influence the future value of the Indonesian Rupiah?
Will the Indonesian Rupiah Reach IDR 15,000?
Indonesia’s Rupiah has been a subject of close scrutiny, notably considering its performance against the US Dollar.Banking on a positive outlook, Bank Indonesia Governor Perry Warjiyo recently shared his insights on the currency’s future wiht Archyde’s Senior Finance Correspondent, Maya Santosa.
An Interview with Bank Indonesia Governor Perry Warjiyo
“From an essential viewpoint,the exchange rate still has room for stability and even tends to strengthen,” stated Governor Warjiyo. He emphasized that low inflation, steady economic growth, and attractive SBN yields all contribute to a positive trajectory for the Rupiah.
Understanding the vital role of exchange rate stability, Maya Santosa probed deeper into its meaning for Indonesia’s economy.
“Exchange rate stabilization is crucial for controlling inflation, encouraging economic growth, maintaining fiscal sustainability, and stabilizing the financial system.We aim for stability in line with regional currencies, and as you can see, the rupiah has recently strengthened compared to developed nation currencies,” responded Governor Warjiyo.
the global economic landscape, particularly fluctuations in the dollar index, undoubtedly exerts pressure on the Rupiah. Though, Governor Warjiyo expressed confidence in the newly implemented Export Proceeds Foreign Exchange (DHE) policy and its potential to bolster the Rupiah against the US dollar.
“We saw a similar scenario in the third quarter of last year when the rupiah reached IDR 15,300. This coincided with a high dollar index, but we also saw notable inflows of SBN and SRBI funds,” he highlighted. “This demonstrates the strong potential for a positive impact from the DHE policy.”
Looking towards the future,Governor warjiyo offered a message of optimism to Indonesian citizens. “Of course, we hope that with the implementation of DHE, SDA will support further stabilization. We are confident in the policy’s potential to guide the rupiah towards its targeted strength. We remain committed to maintaining economic stability and fostering growth,” he asserted.
Governor warjiyo’s outlook offers a glimpse of hope for the Indonesian Rupiah. What are your thoughts? Do you beleive the Rupiah will reach IDR 15,000? Share your predictions in the comments below.
