maaf email atau password anda salah

Other Tempo Media
Majalah Tempo
Koran Tempo
Tempo.co
Subscribe
Rupiah's Exchange Rate

SOS: All-Out Efforts to Tame the Rupiah

Tuesday, March 20, 2001

The rupiah plummeted to 11,500 against the US dollar and may plunge even further. Market intervention is not always effective. Handle the IMF and CGI with care.

arsip tempo : 173518674066.

. tempo : 173518674066.

Last week, the rupiah's value against the US dollar took a ride on a roller coaster. It nose-dived to 11,500 before going up to Rp10,000. Were it not for support from Bank Indonesia (BI) and state-owned enterprises (BUMNs), it would have crashed to 12,000 to the greenback. All through last week, the institutions showered the market with dollars. "The amount shot up from around $20 million to $50-$80 million," said a foreign bank dealer in Jakart

...

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

  • *You Save -Rp 102.000
  • *Guaranteed update of up to 52 Editions of Tempo Magazine
Subscribe

Rp 64.380/Month

Active Every Month Cancel Anytime

  • *Free for the first month if using a Credit Card
Subscribe

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.

More Articles

More exclusive contents

  • December 23, 2024

  • December 16, 2024

  • December 9, 2024

  • December 2, 2024

Independent journalism needs public support. By subscribing to Tempo, you will contribute to our ongoing efforts to produce accurate, in-depth and reliable information. We believe that you and everyone else can make all the right decisions if you receive correct and complete information. For this reason, since its establishment on March 6, 1971, Tempo has been and will always be committed to hard-hitting investigative journalism. For the public and the Republic.

Login Subscribe