President Joko "Jokowi" Widodo told his ministers to resolve the weakening of the rupiah against the US dollar on Wednesday.

"In this kind of opportunity, industry should be encouraged... so that the export-oriented industries can move faster and are able to take advantage of the weakening rupiah," said Jokowi as he opened a limited Cabinet meeting held on Wednesday to discuss the rupiah.

The Cabinet meeting discussed a number of further issues, including the strategy to achieve targeted economic growth, the finalization of the 2015-2019 National Mid-Term Development Plan (RPJMN) and the revision of the 2015 government working plan, as well as the 2015 ministerial budget, particularly for newly established ministries.

The President, who is seeking to implement a tight budget policy next year and has just cut fuel subsidies, said Indonesia was actually in a better position than Japan, Malaysia and Russia in terms of the exchange rate.

Jokowi is set to hold another meeting this afternoon to discuss several recent issues, including disaster management, illegal Indonesian migrant workers in the Middle East, the recent removal of the 2013 curriculum, health and social security and the country's territorial boundaries. (***)

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