Jakarta, May 20 -- Indonesian President Prabowo Subianto said the government targets the rupiah exchange rate at Rp16,800-Rp17,500 per US dollar in the 2027 fiscal year.

"Our fiscal and monetary strategies must be capable of maintaining exchange rate stability against global currencies," he said while presenting the government's Macroeconomic Framework and Fiscal Policy Principles (KEM-PPKF) in Jakarta on Wednesday.

The target was set amid pressure on the rupiah, which weakened to a record low of Rp17,706 per US dollar in mid-May 2026.

Prabowo said the government would maintain inflation within a range of 1.5-3.5 percent to support purchasing power and exchange rate stability.

The government also targets 10-year government securities ...