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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Indonesia not to let rupiah fall to help export

  • Aditya Suharmoko


JAKARTA | Mon, March 23 2009 | 01:03 pm

PREMIUM Indonesia is unlikely to follow the path taken by regional peers to allow the local currency to fall against the dollar to make exports more competitive amid slumping global demand: BI official says. Bank Indonesia (BI) deputy governor Hartadi A. Sarwono said last Friday that such a move, usually evident when a central bank stops defending its currency against depreciation, carries risks a...