TEMPO.CO, Jakarta – Public trust has emerged as a central theme in responses from several of Indonesia’s prominent political figures as the rupiah continues to weaken and market volatility raises concerns over the country’s economic outlook.
According to Tempo.co, the rupiah’s depreciation has prompted calls for greater transparency, stronger leadership, and policies aimed at restoring confidence among investors, businesses, and the public. Political leaders across the spectrum have also warned of the broader impact on purchasing power and economic stability.
Former Jakarta governor Anies Baswedan argued that the weakening rupiah reflects declining market confidence in government policies. In a video posted on his social media account on May 20, Anies called on the government to provide comprehensive data transparency and clearer policy direction.
He also urged officials to be more responsive to the economic pressures facing ordinary Indonesians, particularly as rising costs threaten household purchasing power.
Former Central Java governor Ganjar Pranowo echoed concerns about public confidence after the rupiah fell to Rp18,000 per U.S. dollar. Through a social media statement on June 4, Ganjar outlined seven measures he believes are necessary to restore trust.
Among them were strengthening merit-based bureaucracy, implementing significant budget efficiencies at both central and regional levels, boosting exports, ensuring fair law enforcement, and protecting press freedom.
Former president Susilo Bambang Yudhoyono (SBY) also highlighted the importance of maintaining public confidence during periods of economic uncertainty. Speaking at the 2026 Asia Grassroots Forum organized by Amartha in Jakarta on June 4, SBY said effective leadership requires not only sound policies but also the ability to reassure the public.
Drawing on his experience leading Indonesia during previous global economic crises, he stressed the importance of clear communication, fiscal discipline, and the ability to identify opportunities amid uncertainty.
According to SBY, governments must be able to maintain confidence while adapting to rapidly changing global conditions.
Former vice president Jusuf Kalla focused on the direct impact of the rupiah’s depreciation on everyday life. Speaking at the same forum, he warned that a weaker currency could reduce purchasing power and place greater pressure on households and businesses.
Kalla called for closer cooperation between the government and the private sector to mitigate the economic effects. He said the government should focus on providing supportive regulations and infrastructure, while businesses and policymakers work together to strengthen Indonesia’s micro, small, and medium enterprises (MSMEs), which remain a key pillar of the domestic economy.
Despite their different political backgrounds, Anies, Ganjar, SBY, and Kalla shared a common message: maintaining public trust is critical to safeguarding Indonesia’s economic resilience as the country navigates currency pressures and global uncertainty.
Read: How a Weaker Rupiah Is Squeezing Indonesian Importers
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