Taming Rupiah
Tuesday, August 7, 2018
The policy to sustain rupiah’s exchange rate looks makeshift. It will take years to improve the current account deficit.
arsip tempo : 173488881850.
In trying to maintain the stability of the rupiah, the government should be careful about its plan to reduce imports. At a time of high dependency on imported raw materials and capital, averaging 75 percent and 15 percent per year, a hasty policy of controlling imports could lead to an increase in domestic industry production costs.
Efforts to put pressure on imports to conserve foreign currency reserves-which fell from US$131.98 billion in Janu
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