Jakarta, April 7 -- Bank Indonesia (BI) is optimizing its monetary instruments, specifically by strengthening pro-market monetary operations, to stabilize the rupiah amid global uncertainty caused by the ongoing Middle East conflict.

"Amidst very high global uncertainty, stability is currently a priority for Bank Indonesia," BI senior deputy governor Destry Damayanti said in her statement on Tuesday.

She explained that BI consistently and measurably operates in the money market, including the spot market, domestic non-deliverable forwards (DNDF) in the domestic market as well as non-deliverable forwards (NDF) in the offshore market.

She also emphasized that the impact of the Middle East conflict is two-way: rising commodity prices and ...