January 27, 2026 | 11:49 am
TEMPO.CO, Jakarta - Finance Minister Purbaya Yudhi Sadewa stated that the strengthening of the Rupiah is not solely driven by market sentiment regarding Deputy Finance Minister Thomas Djiwandono. Thomas was elected by Commission XI of the House of Representatives as the Deputy Governor of Bank Indonesia following a series of fit and proper tests.
"It is not just because of Pak Thomas Djiwandono; the central bank's strategic steps have indeed been more effective than I previously anticipated," Purbaya told reporters at the Thamrin Nine Ballroom in Jakarta on Tuesday, January 27, 2026. Purbaya also expressed confidence that the central bank’s measures are capable of further bolstering the Rupiah's exchange rate.
Purbaya assesses that the United States Dollar will likely trend downward in the global market. According to him, it is not a difficult task to strengthen the Rupiah beyond its current level. In maintaining exchange rate stability, Purbaya stated that his primary duty is to ensure economic programs run smoothly so that investors will enter the domestic market and drive up the value of the Rupiah.
The Rupiah closed 38 points higher at Rp16,782 per United States Dollar in yesterday’s afternoon trading, January 26, 2026. Director of PT Traze Andalan Futures Ibrahim Assuaibi noted that the Rupiah's appreciation is influenced, among other factors, by market confidence in Bank Indonesia's commitment to maintaining currency stability.
Additionally, Ibrahim believes that the strengthening of the Rupiah is influenced by the nomination process of Thomas Djiwandono. "The market responded positively to Deputy Finance Minister Thomas Djiwandono, who will undergo the fit and proper test as a candidate for Deputy Governor of Bank Indonesia in the House of Representatives Commission XI this evening," he said in an official statement on Monday, January 26, 2026.
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