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).
untung yang kerja dapat dolar nih.
waduh akan jadi apa nih indonesia ke depan. aku berserah aja deh.
Wah kalo punya bisnis dalam bentuk dollar, lumayan ya….tp kasihan Indonesia utangnya bertambah
Saya rasa susah pemerintah menenangkan masyarakat, karena kata-katanya sudah ga dipercaya lagi. Mudah-mudahan saja ga terlalu lama ya. Kasihan wong cilik
you belive at the head of Indonesia’s centralbank statement brother?, I do not wanna know what happen to this country next…
I think this because the dependence of Indonesian economy on America is still high. ISeharusnya kalau fundamental ekonomi dan neraca pembayaran Indonesia kuat dan tidak tergantung kepada Amerika maka seharusnya rupiah tidak seharusnya melemah. Mengapa? karena jusru saat ini ekonomi Amerika itu sedang di posisi bawah dan banyak yang membandingkan dengan kejadian great depression tahun 1933. JAdi seharusnya justru dollar itu saat ini sedang terdepresiasi nilainya.
OOHH, no. this is not good. Saya sangat khawatir dengan dana saya yang invest di bank
Gelombang penarikan dana panas dari Amerika sepertinya masih belum akan berakhir, induknya butuh likuiditas sehingga portofolio apa saja yang dimiliki harus segera dijual termasuk saham yang berakibat anjloknya IHSG dan otomatis rupiah juga. Minggu depan reputasi BI dan kondisi regionallah penentu akan seberapa parah rupiah kita nantinya. Saya berharap kondisi ini dapat segera stabil kembali, amin…
it’s a bad news for all Indonesian people. the poor will always be the poor. hope will be fine soon.
ternyata kebijakan moneter kontraktif BI tidak membantu rupiah, eh malah menjatuhkan rupiah.