Erick Thohir Calls for Enhanced USD Procurement by State-Owned Companies: Menko Airlangga Shares Insights

Minister Airlangga Hartarto has issued a directive urging businesses to exercise prudence in their importation of consumable goods, particularly in consideration of the prevailing exchange rate of the Indonesian rupiah. Emphasizing the strategic importance of this measure, Hartarto stressed the need to mitigate the demand for US dollars by curtailing imports of non-essential items. Deputy Minister of Finance Suahasil Nazara echoed Hartarto’s sentiments, calling upon importers to exercise restraint in their procurement of consumable goods to alleviate pressure on US dollar demand. Simultaneously, the government has initiated measures to bolster its reserves of US dollars, including the implementation of mandatory deposits of export earnings. These efforts are aimed at stabilizing the rupiah and fortifying the country’s economic resilience in the face of prevailing market dynamics.