Living With A Weaker Rupiah

Bank Indonesia (BI) in its recent statements appears to be more accepting of a weaker rupiah, citing that it is in line with the weakening trend of other regional currencies against the strengthening US dollar and that this would help improve Indonesia's exports.

Not squandering the country's hard-earned foreign exchange reserves to support the rupiah, which is nearing the Rp13,000 per US dollar level, makes sense, giv