In the monetary sector, the global financial market panic at the end of March and April 2020 resulted in a large outflow of foreign portfolio investment with a very high depreciation pressure on the Rupiah. With a strong commitment to stability policies from Bank Indonesia, the Rupiah exchange rate has strengthened significantly since the end of March 2020, thus supporting the national economic recovery.
Thanks be to God, the hardest times have passed. Stability is maintained and the process of economic recovery is ongoing. National economic growth has improved since the third quarter of 2020 and will increase substantially in 2021. Economic improvement is in line with the realization of the fiscal stimulus, increased mobility of people and improving global demand.