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Indonesian Rupiah Hits Record Low of 17,525 Per Dollar; Central Bank Pledges Market Intervention

GateNews

2026-05-13 00:52:12

According to Bank Indonesia Deputy Senior Governor Destry Damayanti, the Indonesian rupiah fell to a record low of 17,525 per US dollar on Tuesday (May 13), prompting the central bank to pledge targeted intervention in the foreign exchange market. The rupiah has depreciated nearly 5% year-to-date, making it one of the worst-performing currencies among emerging markets. Damayanti attributed the pressure to elevated oil prices and increased dollar demand from debt repayment, dividend repatriation, and pilgrimage-related expenses.

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Comment

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PeteTomboldua

· 05-13 13:06

2026 GOGOGO 👊

Reply0