# Indonesia central bank says rupiah rate 'adequate', will try to prevent fall - The Business Times

> Bank Indonesia Governor Perry Warjiyo said the current exchange rate is adequate and that the central bank will keep stabilizing markets. The finance minister had shown scenarios of the rupiah averaging 17,500 to 20,000 per dollar in 2020. The rupiah traded at 16,410 per dollar, and the central bank said it has no plan for capital controls but may ask exporters to convert earnings into rupiah.

- Date: 2020-03-31 · published 2020-03-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/54438-indonesia-central-bank-says-rupiah-rate-adequate-will-try-to-prevent-fall-the
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Official intervention and possible exporter conversion rules could limit rupiah weakness, which would moderate import-cost pressure on feed. Expectations of a much weaker currency still signal continued cost risk for dollar-priced feed ingredients.

## Read by commodity

- USDIDR: neutral

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/indonesia-central-bank-says-rupiah-rate-adequate-will-try-prevent

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