Indonesia’s central bank, Bank Indonesia (BI), is increasing scrutiny of foreign exchange transactions by domestic and international banks. This move aims to defend the Indonesian Rupiah against continued depreciation. The central bank is targeting speculative currency trading activities contributing to the Rupiah’s decline. BI has not specified the exact measures being implemented, but indicated a focus on monitoring and potentially intervening in the foreign exchange market. The Rupiah has faced pressure recently due to global economic uncertainty and a strengthening US dollar. These measures reflect BI’s commitment to maintaining financial stability and controlling inflation within the country. Further details regarding the extent of the increased oversight are expected to be released soon.