INDONESIA
By Arisyi Raz
The Jakarta Post-June 7
In the last couple months, Indonesia and several emerging countries’ financial markets have been unpredictable. Unfortunately, relative to other emerging economies in Asia, Indonesia is taking the biggest hit.
Fund managers have sold more than US$3 billion Indonesian bonds and stocks since the beginning of the year. The rupiah also plunged below the psychological level of Rp 14,000 per US dollar, which is its lowest level since 2015. Currently, the currency fluctuates between Rp 14,100 and Rp 14,150 per US dollar.
Read more at: http://www.thejakartapost.com/academia/2018/06/07/new-fragile-five-and-threat-of-financial-chaos.html
First published in: The Jakarta Post
