Tempo-Aug 31

The government should abandon its makeshift policy in response to the ongoing weakening of the rupiah exchange rate to the US dollar. A series of overhasty policies could lead to the rupiah falling further and take this country to the brink of a financial crisis.

Of course, Bank Indonesia is the one who responsible for trying to prop up the rupiah. But the government also needs to play its part to protect the national currency, especially since in the last week, it dropped further. At the close of trading on Friday, the rate was Rp14,665 to the US dollar. This is the lowest since September 29, 2015, when it stood at Rp14,728.

Read more at: https://en.tempo.co/read/news/2018/08/31/314921240/Fixing-the-Bottom-Line

First published in: Tempo