Support for the Rupiah
Dian Ayu Yustina*
Recent shifts in the global economy has put considerable pressure on the rupiah. Issues ranging from the potential rise in the US dollar interest rate, China's weakening growth to the uncertainty of Greece's debt negotiations, have all weakened the rupiah. We have seen the currency dropping to Rp13,367 per US dollar, its weakest level since the 1997-98 Asian financial crisis.
June 30, 2015
Dian Ayu Yustina*
Recent shifts in the global economy has put considerable pressure on the rupiah. Issues ranging from the potential rise in the US dollar interest rate, China's weakening growth to the uncertainty of Greece's debt negotiations, have all weakened the rupiah. We have seen the currency dropping to Rp13,367 per US dollar, its weakest level since the 1997-98 Asian financial crisis.
Unfortunately, the impact of a weak rupiah translates
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