The Indonesian government is taking strong measures to counter the US dollar and stabilize the national economy. Recently, they instructed state-owned enterprises to avoid excessive purchases of US dollars to support the stability of the Indonesian Rupiah. Additionally, the Indonesian government has implemented a series of measures to tackle economic challenges. The Finance Minister is working closely with the Central Bank Governor to adjust policies in response to the ever-changing economic landscape. The Central Bank of Indonesia is using foreign exchange interventions and raising interest rates in efforts to stabilize the Rupiah and control inflation. The government is also limiting unnecessary US dollar purchases by state enterprises and urging natural resource exporters to repatriate their US dollar earnings to bolster national foreign reserves. These actions form a comprehensive defense system designed to reduce market volatility and shield the national economy from external shocks. Moreover, the government is coordinating fiscal and monetary policies to ensure that fiscal policy acts as a stabilizer for the economy, providing a solid backbone for economic growth. These measures demonstrate the Indonesian government's determination and strength in maintaining national economic stability. With the combined efforts of the government and the Central Bank, the Indonesian economy is expected to continue its healthy development.

During the 10th ASEAN Finance Ministers and Central Bank Governors Meeting in the Indonesian capital Jakarta, the Bank of Indonesia signed a memorandum of understanding with the Bank of Malaysia and the Bank of Thailand on local currency transactions to reduce its dependence on the US dollar.。It is understood that Indonesia has previously established local currency settlement cooperation with ASEAN members Thailand and Malaysia.。The newly signed agreement is an expansion of local currency settlement, that is, the use of their respective currencies for trade and direct investment, enterprises do not need to use the United States dollar as an intermediary.。Bank Indonesia Governor Perry Vagillo said Indonesia and the two countries want to use their currencies for purposes other than trade and investment。As part of the new memorandum of understanding, Indonesia, Malaysia and Thailand have agreed to promote more efficient cross-border payments, and the three countries will also use local currencies for financial asset transactions, including government bonds and stocks, Perry said.。

Recently, a foreign media survey of professional investors only showed that the dollar is likely to continue to fall from the nearly 20-year high reached last year, because these investors believe that the market underestimates the power of the Fed's upcoming easing cycle。