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).
cinta rupiah cuma kata-kata, yg asik widrawal paypal skr..hehe
dollar tinggi engga jdi beli prodak yang berbau luar negri tapi sabar aja…tetap..smile..4..u..trims..salam kenal
Some is true, but some other is more true.
That market should respect IDR first.
nice information about IDR, i really love it….
so let’s import of dollars through blogs
gak papa bagus ko
biar saham2 murah abiss
check this out!
i think this a good news for people who earn dollar from internet. coz they can get more by exchange to rupiah
The rupiah weakened due to the global economic crisis, and not because of Indonesia`s economic fundamental factors.
Maaning that it’s not from internal factors?