Indonesia's rupiah hits lowest level since Asian financial crisis

Central bank to continue intervening in market to maintain investor confidence

20250325 rupiah counter

The Indonesian rupiah has steadily weakened throughout 2025, ranking among the worst-performing emerging market currencies this year. © Reuters

ISMI DAMAYANTI

JAKARTA -- The Indonesian rupiah has fallen to its lowest level against the U.S. dollar in over a quarter century, reaching 16,640 on Tuesday, a level not seen since the Asian Financial Crisis of 1998.

According to the Jakarta Interbank Spot Dollar Rate published by Bank Indonesia, the rupiah closed at 16,622, down 0.37% from the previous day.

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