TEMPO.CO, Jakarta – Bank Indonesia (BI) is optimistic that the rupiah exchange rate will continue to strengthen and has the potential to reach Rp16,000 per U.S. dollar. “We continue to maintain the stability of the rupiah. Yesterday morning, it was at Rp16,560, Alhamdulillah, today it is stable at Rp16,400. Our target is to bring it down to Rp16,300, or even stronger,” said BI Governor Perry Warjiyo in a meeting with the IV Committee of the Regional House of Representatives (DPD) on Tuesday, September 2, 2025.
Perry claims that the stability of the rupiah exchange rate and the national financial system remains intact amid the domestic social and political dynamics. He stated that the current financial market conditions are stable, as is the national financial system.
“We coordinate with the Finance Minister, OJK (Financial Services Authority), and LPS (Indonesia Deposit Insurance Corporation) to ensure that the stability remains intact,” he said.
Previously, currency market observer Ibrahim Assuaibi predicted that the rupiah had the potential to strengthen during trading on September 2, 2025, reaching a range of Rp16,370 to Rp16,430 per U.S. dollar. In the previous day’s closing trading, the rupiah had already strengthened to Rp16,428 per U.S. dollar, an increase of 71 points compared to the end of the previous weekend.
According to Ibrahim, the weakening of the U.S. dollar was influenced by the U.S. appellate court decision that annulled most of the global tariffs of President Donald Trump’s era. “This decision has created uncertainty about the future of hundreds of billions of dollars worth of Chinese import duties,” he said.
Additionally, investors are monitoring the political tensions surrounding the Federal Reserve. Last week, President Trump attempted to remove the Fed Governor Lisa Cook, but Cook rejected the attempt, and it is now proceeding through legal channels.
From the domestic perspective, positive sentiment also comes from the performance of manufacturing and trade. The S&P Global Indonesia Manufacturing PMI Index rose to 51.1 in August 2025., marking the first expansion after four months of contraction.
Meanwhile, Statistics Indonesia (BPS) recorded a trade surplus of US$4.17 billion in July 2025. Since May 2020, Indonesia has recorded a surplus for 63 consecutive months, achieving this milestone.
Anastasya Lavenia Yudi contributed to the writing of this article
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