TEMPO.CO, Jakarta - The rupiah exchange rate in the domestic market weakened by 44 points to reach Rp18,109 per US dollar on Monday's trading, July 13, 2026. Meanwhile, the Jakarta Interbank Spot Dollar Rate (JISDOR) from Bank Indonesia closed at Rp 18,131 per US dollar.
Ibrahim Assuaibi, the director of PT Traze Andalan Futures, said that the domestic market responded negatively to the corruption allegations involving former Deputy Attorney General for Special Crimes (Jampidsus) Febrie Adriansyah, as well as the conflicts between law enforcement officials.
"The legal cases currently happening can have an impact on the economy. Law, as a business environmental factor, clearly influences economic performance through economic behavior, efficiency, investment, and innovation," he said in a written statement on Monday, July 13, 2026.
Ibrahim concluded that a poor legal system hinders a country's performance and economic growth. Additionally, the absence of pro-market policies will result in a "vote of no confidence," which hinders the economy. Therefore, he said, the target growth of 8 percent will be difficult to achieve.
Meanwhile, from a global perspective, the strengthening of the US dollar index is influenced by increasing geopolitical tensions in the Middle East. Ibrahim stated that the renewed violence between the two countries raises further doubts about the future of the temporary peace agreement signed last month.
According to Ibrahim, ongoing disruptions in the Strait of Hormuz could force oil refineries in Asia to seek alternative supplies and drive up shipping costs.
"The prospect of sustained energy price increases has revived concerns about additional inflation shocks, strengthening expectations that the Federal Reserve may need to maintain high interest rates for a longer period," he said.
Read: Indonesia Bars Ex-Prosecutor Febrie Adriansyah From Leaving the Country
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