Indonesia’s Rupiah Weakening
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).
seharusnya BI menjadikan lagu Cinta rupiah sebagai lagu kebangsaan Bank Indonesia.
Rupiah is weakening and people suffering, when will this crisis will end.
I still believe that our economic strong enough to go trough this crisis….since we had pay our debt
bravo Indonesia
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
Rupiah getting worst with extreme fluctuation. I saw people change their $ currency to rupiah, is it for profit or helping Indonesia economy?
Its happen again and again, when will our economy be a strong one?
We will see about Rupiah after Obama’s win. Hope Rupiah will be better
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
Sudah Saatnya sektor riil yang dikembangkan, jangan sektor derivatif ……opo meneh iki ????
Sekarang memang dollar tinggi mas, ga jadi beli komputer jadinya