In response to the prevailing trend of rupiah depreciation, Minister Airlangga Hartarto underscored the urgency for a collective effort among diverse stakeholders, including state-owned enterprises (BUMN), to alleviate the demand for US dollars. Hartarto advocated for a strategic realignment of priorities, urging exporters to reinvest their foreign exchange earnings within the national financial ecosystem, in adherence to established export earnings protocols. This strategic maneuver aims to mitigate the adverse effects of US dollar depreciation. Addressing the media during a press briefing convened at the Ministry of Coordinating Economic Affairs in Jakarta on Thursday, April 18, 2024, Hartarto emphasized the government’s commitment to deploying available financial mechanisms, such as export earnings, in the pursuit of economic stability and resilience.
Honors Insight
April 19, 2024
