Prabowo Summons BI Governor to Palace
President Summons Bank Indonesia Governor Amid Economic concerns
Published:
Jakarta – president Prabowo Subianto met with Bank indonesia (BI) Governor Perry Warjiyo at the Presidential Palace in Central Jakarta on Friday afternoon.The meeting occurred following the recent issuance of a new Government Regulation (PP) by the ministry of Communication and Digital (Komdigi).
Warjiyo arrived at approximately 5:00 p.m. Western Indonesian Time (WIB) and reportedly broke the fast with President Subianto before departing the palace.
The Governor declined to comment on the specifics of his discussion with the President. Thank you,
he stated as he walked to his vehicle.
When questioned about whether the meeting addressed the current state of the financial market, Warjiyo again demurred, saying, Thank you, no. Thank you.
The Indonesian Rupiah experienced a weakening, reaching Rp 16,635 against the U.S. dollar on Tuesday. This represents the lowest level as the 1998 financial crisis.
The Composite Stock Price Index (CSPI) has also shown recent weakness. The JCI (Jakarta Composite Index) fell by more than 5% recently, triggering a trading halt by the Indonesia Stock Exchange (IDX) on Tuesday, March 18.
President Summons Bank Indonesia governor Amid economic Concerns: A Q&A
Why Did President Prabowo Subianto meet with the Bank Indonesia Governor?
President Prabowo Subianto met with Bank Indonesia (BI) Governor Perry Warjiyo at the Presidential Palace in Jakarta on Friday, March 28, 2025. The meeting followed the issuance of a new Government Regulation (PP) by the Ministry of communication and Digital (Komdigi). The exact topics discussed remain unclear, as Governor Warjiyo declined to comment on the specifics of the meeting.
What is the Current State of the Indonesian Rupiah?
The Indonesian Rupiah has been experiencing considerable weakness. On tuesday, the Rupiah fell to its lowest level sence the Asian financial Crisis of 1998, reaching Rp 16,635 against the U.S. dollar. This depreciation reflects broader concerns about the Indonesian economy.
What are the Key Economic Concerns?
The primary economic concerns appear to be centered around:
rupiah Depreciation: The weakening of the Rupiah signifies that it is losing value against other currencies, especially the U.S. dollar.
Market Volatility: The Composite Stock price Index (CSPI) has also shown weakness. The Jakarta Composite Index (JCI) fell by more than 5% recently,triggering a trading halt by the Indonesia Stock Exchange (IDX) on Tuesday,March 18.
Why is the Rupiah Weakening?
Based on news reports the weakening of the Rupiah appears to be due to a number of factors. Investors are expressing skepticism,and there are government concerns.
Key Economic Indicators
| Indicator | Value/Observation |
| :—————————— | :————————————————— |
| Rupiah vs. USD (Tuesday) | Reached Rp 16,635 |
| JCI (Jakarta Composite Index) | Fell by more than 5% recently (triggering a trading halt) |