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The Decline of the America’s Exhorbitant Privilege

Monday, May 26, 2025

Dollar dominance unravels amid reckless US fiscal policy. Global markets signal deepening mistrust as investors seek safer havens.

arsip tempo : 176882209085.

Ilustration: TEMPO/Lukmannul Hakim. tempo : 176882209085.

DO not celebrate too soon over the Indonesian rupiah’s recent strengthening to around Rp16,400 per United States dollar. The currency’s gain was not driven by an improvement in Indonesia’s macroeconomic fundamentals. Instead, it reflects deeper problems within the United States itself. Washington appears to be shooting itself in the foot with a string of self-defeating economic policies that are eroding global confidence in

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Yopie Hidayat

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