A Presidential Visit To The Bank

The rupiah exchange rate is at its lowest for the past three and a half years. The government and BI appear to be in discord, prompting the president to intervene.

August 30, 2005

THERE was a sudden frenzy of activity at Bank Indonesias headquarters last Wednesday evening. Several security guards were rapidly posted at the main entrance to the old building on Jakartas Jalan M.H. Thamrin.

They had come to secure the premises in advance of President Susilo Bambang Yudhoyonos visit that night. Both the presidents office and the central bank (BI) were taken off-guard by the visit, considering that it was only decided one and a

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