Business · Markets · 15 hrs ago
Rupiah Edges Up as Indonesia Plans to Expand Exporters’ Currency Conversions
The rupiah rose slightly against the US dollar at the start of trading on Monday, opening at 18,075 rupiah per dollar.
The dollar index, which tracks the US currency against six major currencies, also edged down after rising on Friday.
Indonesia plans to raise the foreign-currency conversion limit for natural-resource exporters from 50% to 100% by the end of November.
Exporters hold foreign earnings and can convert them into rupiah to pay local business costs; the government says they need more room to do so.
More conversions could increase demand for rupiah and help support the currency, though the effect would depend on how widely exporters use the option.
The government is also expanding the list of banks where exporters can place their foreign earnings to 16.
Markets are also awaiting October consumer-confidence data from Bank Indonesia, due later on Monday, which may show whether improved expectations are reflected in views of current economic conditions.
The rupiah opened 0.03% higher at Rp18,075 per US dollar on Monday, November 9, 2026.
Indonesia plans to raise the maximum share of natural-resource export earnings that exporters must convert into rupiah from 50% to 100%.
The government is targeting implementation of the revised conversion rule by the end of November 2026.
Economic Coordinating Minister Airlangga Hartarto said exporters need rupiah to fund company operations.
The government has also expanded the choice of banks for placing export earnings to 16.
- Who
- The Indonesian government plans the rule change, and exporters are affected.
- What
- The rupiah edged up as Indonesia planned to raise the maximum required conversion of natural-resource export earnings into rupiah from 50% to 100%.
- When
- The rupiah opened higher on Monday, November 9, 2026. The rule change is targeted for implementation by the end of November 2026.
- Where
- Indonesia.
- Why
- Economic Coordinating Minister Airlangga Hartarto said exporters have substantial rupiah needs to fund company operations.
This story does not have two clearly opposing sides.
The rupiah closed at Rp18,080 per US dollar.
The rupiah opened at Rp18,075 per US dollar, up 0.03%.
The Bank Indonesia consumer confidence index for October was scheduled to be released at 10:00 WIB.
The government is targeting implementation of the higher export-earnings conversion limit.
- Rupiah opening rate
- Rp18,075 per US dollar
- Opening change
- Up 0.03%
- Previous close
- Rp18,080 per US dollar on November 6, 2026
- Conversion limit
- Planned increase from 50% to 100%
- Target implementation
- End of November 2026
- Banks for export earnings
- 16: five state-owned and 11 private banks