RUPIAH STABILITY AMID GLOBAL ECONOMIC UNCERTAINTY
Keywords:
Rupiah Stability, Global Economic Uncertainty, Monetary PolicyAbstract
The stability of the rupiah exchange rate has a crucial role in maintaining Indonesia's economic resilience, especially in the midst of uncertain global economic conditions. This study aims to identify domestic and global factors that affect rupiah fluctuations, as well as assess the effectiveness of policy measures taken by Bank Indonesia in maintaining exchange rate movements. This research uses a qualitative descriptive method through literature studies sourced from official reports of relevant agencies such as Bank Indonesia, BPS, Ministry of Finance, and publications of international institutions. The findings of the study show that external turmoil such as the increase in the benchmark interest rate in the United States and world geopolitical conflicts are the main causes of pressure on the rupiah. However, the implementation of the Triple Intervention policy, strengthening foreign exchange reserves, and coordination between fiscal and monetary policies have proven effective in maintaining its stability. Thus, optimal exchange rate management requires cross-sector collaboration and sustainable strengthening of economic fundamentals.
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