# Indonesia Central Bank in FX Market to Ensure Balanced Supply-Demand

> The rupiah fell to its weakest level since November, reaching 15,728 per dollar on January 25, 2024. Bank Indonesia said it intervened in the FX market to balance supply and demand. Speculation about Finance Minister Sri Mulyani Indrawati's resignation and the upcoming February 14 elections also weighed on sentiment.

- Date: 2024-01-25 · published 2024-01-25T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/32445-indonesia-central-bank-in-fx-market-to-ensure-balanced-supply-demand
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Currency weakness and central bank intervention affect Indonesian import costs for feed raw materials, but the story has little direct effect on global commodity prices.

## Sources

- english.kontan.co.id: https://english.kontan.co.id/news/indonesia-central-bank-in-fx-market-to-ensure-balanced-supply-demand

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