
Rupiah Hits 17,600 Against USD, President Prabowo Assures Economic Stability
As the Indonesian Rupiah depreciates to the 17,600 level against the US Dollar, President Prabowo Subianto emphasizes that the impact on rural communities is minimal and reaffirms the strength of Indonesia's economic fundamentals.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Indonesia Fuel Price Update: Some Grades Exceed IDR 30,890 per Liter as of May 17, 2026
As of May 17, 2026, fuel prices in Indonesia have been updated, with some grades reaching IDR 30,890 per liter. This adjustment reflects global energy market trends and domestic subsidy policy shifts, raising concerns over potential inflationary pressure on households.
- IHSG Remains Vulnerable to Correction Next Week: Analysis of 4 Key Stocks
On May 16, 2026, analysts indicated that the Indonesia Composite Index (IHSG) remains vulnerable to corrections. Investors are advised to maintain caution and monitor four specific stocks for potential opportunities in the coming week.
- Prabowo's Relaxed Stance on Rupiah Weakness Sparks Criticism from Economists
President Prabowo Subianto's dismissive stance on the weakening rupiah has drawn criticism from the Center of Economic and Law Studies (CELIOS), which warns that such rhetoric could undermine market confidence and exacerbate economic risks for citizens.
- Prabowo orders Bulog to prioritize domestic food stocks for national security
President Prabowo Subianto has directed the state logistics agency, Bulog, to prioritize domestic food procurement to ensure national food security, signaling a shift toward strengthening self-sufficiency.