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Indonesia Intervenes to Support IDR as Iran War Hits EM Assets

Grace Sihombing, Prima Wirayani
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Indonesia’s central bank intervened in currency markets to stabilize the rupiah amid broader emerging-market volatility triggered by escalating Middle East conflict. Senior Deputy Governor Destry Damayanti confirmed Bank Indonesia’s active market presence to mitigate exchange rate instability caused by the Iran war’s spillover effects. The intervention follows heightened pressure on emerging-market assets as geopolitical tensions drive investor flight to safer currencies and assets. Damayanti’s statement emphasized proactive measures to shield Indonesia’s economy from external shocks, signaling readiness for sustained market engagement. The move underscores broader regional vulnerabilities as conflict-driven uncertainty disrupts financial stability across developing economies.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Indonesia’s central bank intervened to protect the rupiah as emerging markets came under pressure following the Iran war.“Bank Indonesia will continue to be present in the market to maintain exchange rate stability and prevent the impact of the escalating Middle East conflict,” Senior Deputy Governor Destry Damayanti, said in a statement Wednesday.

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Source: Bloomberg Markets

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