The Chairman of the Financial Services Authority (OJK), Mahendra Siregar, officially reaffirmed the institution's commitment to continuing intensive supervision of liquidity in the banking sector. This statement comes as a responsive measure amidst national economic pressure, following the weakening of the Rupiah exchange rate which has now broken through Rp18,000 per US dollar.
This sharp exchange rate fluctuation is not only a concern for market players but also triggers public anxiety regarding the safety of customer funds in banks. As the backbone of the economy supporting the lives of millions of residents, the stability of the banking industry is the regulator's top priority in facing global economic turmoil that triggers capital outflows.
In its anticipatory steps, OJK has instructed strict supervision that includes monitoring bank liquidity positions in *real-time* as well as conducting *stress testing* to map bank resilience in facing extreme economic scenarios. These efforts are made to ensure that every bank is able to meet its operational obligations and customer withdrawals amidst dynamic market conditions.
In addition to technical interventions, OJK also emphasized the importance of maintaining public trust through transparent communication. The public is urged not to panic and to understand that the national banking system remains well-maintained under strict regulatory supervision. Synergy between OJK and Bank Indonesia continues to be strengthened, particularly in interest rate management and Rupiah liquidity stabilization to mitigate the impact of currency weakening on public purchasing power.
