Rupiah weakest since 2015

spicyayam

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Jan 12, 2009
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Finance Minister Sri Mulyani Indrawati has said the government will closely monitor inflation as rupiah exchange rate against US dollar continues to weaken.

The rupiah has been valued at more than Rp 14,000 to the US dollar in the last three days, its weakest position since 2015. It was trading at Rp 14,074 to the dollar on Wednesday, according to the Jakarta Interbank Spot Dollar Rate (JISDOR), from Rp 14,036 the previous day.

“We need to watch and study the impact of the rupiah weakening through two things – inflation that could be a result of imported goods as well as subsidized fuel and electricity,” Sri Mulyani said in Jakarta on Tuesday night as reported by kompas.com.

The government and Bank Indonesia are cooperating to keep inflation in check, the minister said.

http://www.thejakartapost.com/news/...-inflation-as-rupiah-continues-to-weaken.html