The Depreciating Rupiah

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The Depreciating Rupiah

A visually impaired man holds a sign for tissue sales and massage services with a QR code for digital payments near the Jakarta MRT Phase 2A construction site on Jalan MH Thamrin, Jakarta, Indonesia, on June 4, 2026. Amid the depreciation of the Rupiah, which has surpassed Rp18,000 per US Dollar this week, National Strategic Projects (PSN) encounter financial challenges. Although Phase 2A funding is supported by foreign currency loans from JICA, future work on supporting facilities and station interiors is affected by cost overruns due to rising prices for imported mechanical and electrical materials. (Photo by Afriadi Hikmal/NurPhoto)


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