# IDR/USD: Indonesia to Cut Dollar Reliance With Rupiah Near Two-Year Low - Bloomberg

> Bank Indonesia plans to reduce the country's reliance on the US dollar by allowing domestic non-deliverable forward transactions in other currencies and pursuing more local-currency agreements. The rupiah is near a two-year low.

- Date: 2022-09-29 · published 2022-09-29T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/39902-idr-usd-indonesia-to-cut-dollar-reliance-with-rupiah-near-two-year-low-bloomberg
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

The policy aims to cut dollar demand for hedging, which could ease some rupiah pressure over time. The effect on feed import costs is modest and gradual.

## Read by commodity

- USDIDR: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-09-29/indonesia-to-cut-dollar-reliance-with-rupiah-near-two-year-low

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