How Far Will Prabowo Let the Rupiah Slide?
Monday, April 21, 2025
The rupiah keeps falling despite strong reserves and new export rules. Investors doubt Prabowo’s policies and fear his grand plans ignore urgent economic problems.
arsip tempo : 174600963685.
The rupiah’s woes have deepened in the aftermath of the Eid holiday. While other emerging market currencies have experienced ups and downs in response to US President Donald Trump’s erratic tariff policies, the rupiah has moved only one way: down.
This persistent depreciation comes despite several ostensibly positive developments. Indonesia’s foreign exchange reserves hit a historic high of $157 billion in March 2025, data rele
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