The Rupiah Plummets to a Level of 17,789, Mass Layoffs Looming (Tuesday, May 26, 2026)
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The Jakarta Interbank Spot Dollar Rate (JISDOR) from Bank Indonesia (BI) shows that the exchange rate of the US dollar against the rupiah was Rp17,789 at the close of trading on Tuesday (26/5/2026).
This exchange rate weakened the rupiah by 0.26% from the end of trading on Monday (25/5/2026), which was Rp17,743.
The closing price of this trade has once again reached its weakest level of all time.
The Shadow of Mass Layoffs
According to Katadata, the pressure on the rupiah is expected to trigger a wave of layoffs, especially in companies that rely on imports of raw materials and production components.
"Many companies that rely on imports are experiencing extraordinary pressure due to rising costs. The impact is starting to be felt by the workforce," said Economic, Currency, and Commodity Observer, Ibrahim Assuaibi, on Tuesday (26/5).
(Bread: 15,000 Indonesian Employees Faced Layoffs Until April 2026, Most in West Java)
Ibrahim said that the pressure on the rupiah is currently intensifying due to a combination of external and domestic factors that continue to worsen. So far this year, the rupiah has weakened by nearly 7%.
Meanwhile, Ibrahim noted that the number of mass layoffs from January to May 2026 reached 15,425 workers. This figure could potentially continue to rise if the pressure on the rupiah does not ease.
(Read Katadata by Nuzulia Nur: US Dollar Breaks Rp17,800 per US$, Rupiah Weakness Could Impact Layoffs?)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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| Gini rasio (Sem2) | 0,38 | 0.00 | |
| PDB ADHK (Q1) | 3.447,70 | -0.77 | |
| Nilai Tukar USDIDR | 17.760 | +0.15 | |
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| Ekspor Migas (Mar) | 1,28 | +18.60 | |
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| Ekspor (Mar) | 22,53 | +1.62 | |
| Impor (Mar) | 19,21 | -8.08 | |
| Kunjungan Wisman (Feb) | 1,16 | -2.42 | |
| Inflasi yoy (Apr) | 2,42% | -1.06 | |
| Inflasi mom (Apr) | 0,13% | -0.28 | |
| Persentase kemiskinan (Des) | 7,50% | -0.75 | |
| NTP (Apr) | 112,29 | +0.43 |
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