Academia
Whether Rp 18,000 per dollar is the crisis line is not the question. The real danger is the deficit, Danantara, oil and the Fed sitting off the visible balance sheet.
A teller counts Rp 100,000 banknotes on Oct. 27, 2025 at BNI’s Pasar Baru branch in Central Jakarta. (Antara/Muhammad Adimaja)
The rupiah is not collapsing. But it is no longer merely floating.
On June 8, 2026, the Jakarta Interbank Spot Dollar Rate (JISDOR) of Bank Indonesia (BI) stood at Rp 18,171 per United States dollar, after the rupiah exchange rate stood near 18,126 per dollar on June 5 and touched 18,031 on June 4.
