Currency
How Long Will the Honeymoon Last?
Tuesday, August 21, 2001
During the last four weeks there has been a rapid improvement in the value of the rupiah. The government feels it created the momentum for this.
arsip tempo : 178043315343.
THE rupiah is enjoying a honeymoon with the government. Ever since the government of new President Megawati Sukarnoputri came into power, the rupiah has continued to improve. On Tuesday last week, the rupiah stood at Rp8,275 against the US dollar, an improvement of more than 3,000 points compared to its position four weeks ago. This is certainly an extraordinary jump. Despite the fact that the president and her Gotong-Royong Cabinet have hard
...
Subscribe to continue reading.
We craft news with stories.
For the benefits of subscribing to Digital Tempo, See More
