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Indonesia’s Rupiah tumbles
Indonesia’s rupiah had the worst week since May 2006 after authorities shut the stock market for three days.
The time I write this post, U$D 1 equals to IDR 10,800. Indonesians, however, should not be worried, said the head of Indonesia’s centralbank (Bank Indonesia, BI) Tuesday.
Hopes the crisis of global economy and Indonesia’s in particular will recover sooner rather than later. It’s government’s job to make the right decision on this matter specifically on foreign currency regulation to avoid Rupiah tumbles further.
Some economics expert blame the weakening of Rupiah to the non-existing regulation on foreign currency–especially Dollar–flow. Meaning dollar currency can come into and go from Indonesia whenever it likes. Dollar currency which is been in Malaysia, as comparison, will have to stay there for a year before it’s allowed to go somewhere else outside the country. In Indonesia, dollar may come into and go from Indonesia anytime, anyminute and even any seconds. Hence, it creates speculator who will buy the dollar currency from Indonesia as much as possible just to resell another days with higher prices. It’s one main reason behind the 1998’s Indonesia’s economy crisis in which Rupiah reached the lowest values in decades (USD 1 = IDR 16,000).
October 18, 2008 at 5:39 pm
seharusnya BI menjadikan lagu Cinta rupiah sebagai lagu kebangsaan Bank Indonesia.
October 24, 2008 at 7:01 am
Rupiah is weakening and people suffering, when will this crisis will end.
November 1, 2008 at 1:18 pm
I still believe that our economic strong enough to go trough this crisis….since we had pay our debt
bravo Indonesia
November 1, 2008 at 1:29 pm
Some people said that this crisis won’t have a big effect on us..its depends on how many our citizens had invest their money in U.S
November 1, 2008 at 9:38 pm
Rupiah getting worst with extreme fluctuation. I saw people change their $ currency to rupiah, is it for profit or helping Indonesia economy?
November 5, 2008 at 9:01 am
Its happen again and again, when will our economy be a strong one?
November 6, 2008 at 2:54 pm
We will see about Rupiah after Obama’s win. Hope Rupiah will be better
November 12, 2008 at 6:48 am
So…fight for increase your adsense earning to supply dollar in Indonesia and oneter stability will come true again hehe…don,t be late to prevent moneter cricism
November 16, 2008 at 2:13 pm
Sudah Saatnya sektor riil yang dikembangkan, jangan sektor derivatif ……opo meneh iki ????
November 18, 2008 at 9:05 pm
Sekarang memang dollar tinggi mas, ga jadi beli komputer jadinya
November 21, 2008 at 8:08 am
cinta rupiah cuma kata-kata, yg asik widrawal paypal skr..hehe
November 26, 2008 at 7:12 pm
dollar tinggi engga jdi beli prodak yang berbau luar negri tapi sabar aja…tetap..smile..4..u..trims..salam kenal
November 30, 2008 at 12:00 pm
Some is true, but some other is more true.
That market should respect IDR first.
December 9, 2008 at 5:54 am
nice information about IDR, i really love it….
December 9, 2008 at 1:12 pm
so let’s import of dollars through blogs
January 24, 2009 at 9:58 am
gak papa bagus ko
biar saham2 murah abiss
check this out!
May 25, 2009 at 4:20 am
i think this a good news for people who earn dollar from internet. coz they can get more by exchange to rupiah
August 26, 2009 at 6:52 pm
The rupiah weakened due to the global economic crisis, and not because of Indonesia`s economic fundamental factors.
October 14, 2009 at 9:15 am
Maaning that it’s not from internal factors?