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Is the Indonesian Rupiah Heading Towards 20,000 Under Prabowo’s Presidency?

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Algo Research Team

Economics | Feb 18, 2026 | Views: 2276

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Key Summary:

  • Portfolio outflows reached $10bn from 2021
  • Suboptimal policies could hurt exports growth
  • Fiscal pressure & imports lead to more outflows

Despite outflows following downgrades on Indonesia by global institutions, Rupiah has managed to trade around 16,800 against USD, holding below the 17,000 psychological threshold largely due to central bank support.


However, among comparable peers in Asia, Rupiah is the worst performing currency against USD this year, depreciating -1.3% and down -2.9% over the past one year. It has also weakened by -46% over the past twenty years, only better than Indian Rupee at -55%.

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