# IDR/USD: Bank Indonesia Ready to Intervene to Steady Rupiah - Bloomberg

> Bank Indonesia said it was ready to intervene in currency markets to steady the rupiah as it weakened toward the 16,000-per-dollar level. The article notes that dollar demand from a state-owned company had been declining, which could ease pressure on the currency.

- Date: 2024-12-04 · published 2024-12-04T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/27294-idr-usd-bank-indonesia-ready-to-intervene-to-steady-rupiah-bloomberg
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Central bank intervention may slow rupiah depreciation, which would limit the cost effect on Indonesian exports, though the impact on commodity prices is small.

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-12-04/bank-indonesia-says-ready-to-maintain-confidence-in-fx-market

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.