Jakarta –
The current US dollar (US) exchange rate continues to strengthen at the Rp level. 15,600. This condition occurs due to the strengthening of the index dollar AS due to the rise in the US central bank’s benchmark interest rate.
Bank Indonesia (BI) Governor Perry Warjiyo said the central bank is currently seeking to strengthen the stabilization of the rupee’s exchange rate.
“Staying in the market as part of inflation control efforts, in particular imported inflation through intervention in the foreign exchange market and the buying / selling of government bonds (SBNs) in the secondary market, “he said at the press conference of KSSK (11/3/2022) on Thursday.
It revealed that BI also continued to sell / buy SBN in the secondary market to strengthen the pass-through of the BI7DRR rise by increasing the attractiveness of SBN yields for foreign portfolio investors to strengthen the stabilization of the rupee exchange rate.
On the same occasion, Finance Minister Sri Mulyani Indrawati revealed the exchange rate dollar AS against major currencies (DXY) it reached a two-decade high of 114.76 on September 28, 2022.
He explained that the Rupee exchange rate until October 31, 2022 had depreciated by 8.62%. year to daterelatively better than the depreciation of the currencies of several other developing countries such as India (10.20%), Malaysia (11.86%) and Thailand (12.23%), in line with outlook perceptions economies of Indonesia which remain positive.
“The trend towards exchange rate depreciation in developing countries has been driven by the strengthening of the US dollar and increasing uncertainty in global financial markets due to a more aggressive tightening of monetary policy in various countries, particularly in the United States. “, he has declared.
He added that the Fed Funds Rate, which is expected to be higher with a longer cycle, will encourage the currency to strengthen. dollar AS thus causing a depreciation of the exchange rate in several countries, including Indonesia.
According to Reuters data, the value of the US dollar was recorded at Rp 15,664. or up by 0.12%. Today it opened at the level of Rp. 15,645. The movement of the US dollar in one day at the level of Rp. 15,650-15,685.
Watch the video: the US dollar goes crazy, touches the level of 15,550 Rp!
(kil / arabic)
