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Two Challenges Squeezing the Rupiah amid Market Turmoil

Monday, July 1, 2024

Prabowo has no room to maneuver with increasing debt. A volatile rupiah would define his presidency.

arsip tempo : 176919724343.

Illustration. Lukmannul Hakim. tempo : 176919724343.

THERE seems to be no problem with Indonesia’s economy. Inflation is well within the central bank’s target, and growth remains around five percent annually. However, the rupiah keeps depreciating, down to around Rp16,500 per United States dollar.

The explanation is straightforward. Investors do not rely solely on the current indicators when making investment decisions. They may consider past performance, but they always weigh the

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Yopie Hidayat

Foreign Exchange Rupiah weekly economic review Indonesian Economy Debt Prabowo
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