Sri Mulyani’s response to the US Dollar being at Rp

Jakarta –

The rupiah exchange rate against the US dollar strengthened to around IDR 15,400. However, in the Draft State Revenue and Expenditure Budget 2025 (RAPBN), the government estimates that the US dollar will be at the level of IDR 16,100.

Responding to this, Finance Minister Sri Mulyani Indrawati said that she would discuss the exchange rate again in a meeting with the Budget Group (Banggar) and Commission XI DPR RI.

“Later we will discuss the period with Banggar and also with the Commission

As is known, citing RTI data, Tuesday (20/8/2024), this morning the rupiah opened at Rp 15,550 per US dollar. The Rupiah weakened to IDR 15,586, but strengthened again to IDR 15,459.

At 09.20 WIB, the rupiah continued to strengthen 91 points or 0.59% to the level of IDR 15,464 per US dollar. The Rupiah exchange rate has risen against the US dollar every day for the past six months.

Regarding the forecast of the US dollar next year, it was also criticized by the group Indian Democratic Party for Struggle (PDIP).

“Currently the exchange rate of the rupiah against the US dollar is IDR 15,700/US$. Instead the government has set it at IDR 16,100/US$ in 2025,” said a member of the DPR RI from the PDIP group, Adisatrya Suryo Sulisto in the plenary meeting of the DPR RI for the 2024-2025 session.

According to him, this estimate is not in line with the government’s efforts to strengthen the rupiah exchange rate against the US dollar.

“The weakening of the rupiah is not in line with our efforts so far to strengthen the rupiah exchange rate and the trend in easing global monetary policy, especially the Fed in 2025,” he continued.

Before that, President Joko Widodo (Jokowi) had said that the government would continue to respond to global dynamics. He believes that the rupiah exchange rate against the US dollar will be IDR 16,100.

“The rupiah exchange rate is estimated to be around IDR 16,100 per US dollar, the 10-year SBN interest rate is 7.1%,” he said in his speech on the Fiscal Year 2025 APBN Bill and Financial Note at the Republic of Indonesia DPR Building , Jakarta, Friday (8/16).

Watch video: US dollar near IDR 16,300, Jokowi: All countries are under pressure!

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