Waiting for the Courage to Act

The presidents policy package to protect the rupiah failed to meet market expectations. Coordinating Minister for the Economy, Aburizal Bakrie, was excluded.

September 6, 2005

THE dawn that broke that early Thursday morning failed to prevent the brightness from fading at President Susilo Bambang Yudhoyonos residence at the State Palace.

The president was reportedly furious after reading the main stories in some of the national newspapers that morning. The headlines in all of the newspapers were almost the same: disappointment over the presidents speech on how he would overcome the beleaguered rupiah.

A moment later, Yudh

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