BI stresses rupiah stability after Hashim warns of Rp21,000 dollar
Destry Damayanti said Indonesia would not target a fixed exchange rate, while Hashim warned that large investment outflows could weaken the rupiah.
Bank Indonesia Governor Destry Damayanti said the central bank would continue working to keep the rupiah stable in line with economic fundamentals, after Hashim Djojohadikusumo warned that major capital outflows could push the currency to Rp20,000–Rp21,000 per US dollar.
Speaking after the opening of Kadin Indonesia’s national leadership meeting in Jakarta on 29 October 2026, Destry said stability was needed to support conditions for real-sector growth and job creation. She acknowledged pressure on the rupiah but said Indonesia’s economic fundamentals remained relatively strong compared with peer economies.
Destry said Indonesia did not peg its currency at a particular level. Exchange-rate movements reflected supply and demand, perceptions and factors outside the central bank’s control, she said, citing a positive market response to the United States not raising interest rates.
At the same meeting, Hashim, chairman of Kadin Indonesia’s advisory council, urged businesses to make serious efforts to improve the country’s business and investment climate. He said concerns about a downgrade to Indonesia’s stock-market status risked weighing on foreign direct investment. His Rp20,000–Rp21,000 forecast depended on large outflows occurring; he also said others had suggested Rp22,000 per US dollar.
