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Bank Indonesia Steps In to Stabilize Rupiah Amid War

3/7/2026

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Story summary
  • Bank Indonesia intervened to stabilize the rupiah amid pressure from the Iran war on emerging markets.
  • The rupiah fell 0.4% to 16,919 per dollar.
  • Foreign exchange reserves were $154.6 billion as of January.
  • Senior Deputy Governor Destry Damayanti said BI will maintain exchange-rate stability through consistent interventions in various markets.