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Jakarta Post
The Jakarta Post
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New fragile five and threat of financial chaos

Jakarta | Thu, June 7, 2018 | 02:35 pm
New fragile five and threat of financial chaos An employee counts banknotes at a money changer at the ITC Kuningan shopping center in South Jakarta on Feb. 28. (Antara/Puspa Perwitasari)

PREMIUM 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 1...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.