Business · Economy · 1 hr ago
Indonesia’s Finance Ministry vows fiscal discipline as rupiah weakens
Indonesia’s rupiah fell to 18,045 per US dollar at the close of trading on October 22, down 45 rupiah from the previous day.
The Finance Ministry said it would maintain fiscal discipline to support economic stability.
It said the central bank, Bank Indonesia, is responsible for managing the currency through monetary policy.
The ministry said it respects the bank’s independence, while the two sides coordinate because fiscal and monetary policy must work together.
Bank Indonesia has lowered reserve requirements for banks but kept its benchmark interest rate unchanged.
The currency’s decline matters because it reflects pressure on Indonesia’s exchange rate against the US dollar.
The ministry urged the public to remain confident, but no further steps were announced.
Indonesia’s Finance Ministry said it would maintain fiscal discipline as the rupiah came under pressure.
Herman Saheruddin said monetary policy was the responsibility of Bank Indonesia and that the ministry respected the central bank’s independence.
He said fiscal and monetary policies should work together to support economic stability.
The rupiah closed at Rp18,045 per US dollar on October 22, down 0.25% from the previous close.
- Who
- Indonesia’s Finance Ministry, represented by Herman Saheruddin, and Bank Indonesia.
- What
- The ministry said it would maintain fiscal discipline as the rupiah weakened.
- When
- October 22, 2026.
- Where
- Jakarta, Indonesia.
- Why
- The rupiah was under pressure against the US dollar; the sources do not state the cause.
This story does not have two clearly opposing sides.
The rupiah closed at Rp18,000 per US dollar.
Herman Saheruddin said the Finance Ministry would maintain fiscal discipline and coordinate with Bank Indonesia.
The rupiah closed at Rp18,045 per US dollar, down 0.25% from the previous close.
- Rupiah closing rate
- Rp18,045 per US dollar on October 22, 2026
- Daily change
- Down 0.25%, or 45 points
- Previous close
- Rp18,000 per US dollar on October 21, 2026
- Finance Ministry representative
- Herman Saheruddin, Director General of Financial System Stability and Development
What people are saying
In principle, from our side, we maintain the fiscal side.
On the monetary side, we respect BI’s independence, and from the sovereign side, we maintain fiscal policy. Fiscal and monetary policy work together like a team.
So I think we should be confident in our country.