TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Rupiah to range between 13,000 ' 13,400 per dollar in 2015

Economist Destry Damayanti has said the rupiah exchange rate is projected to range between Rp 13,000 and Rp 13,400 per US dollar, far above the assumption of Rp 12,500 per dollar as detailed in the revised state budget for 2015

The Jakarta Post

Jakarta

Mon, May 11, 2015 Published on May. 11, 2015 Published on 2015-05-11T12:56:00+07:00

E

conomist Destry Damayanti has said the rupiah exchange rate is projected to range between Rp 13,000 and Rp 13,400 per US dollar, far above the assumption of Rp 12,500 per dollar as detailed in the revised state budget for 2015.

'Currently, the market is waiting to see whether or not the government can start the groundbreaking of its infrastructure projects,' she said as quoted by Antara in Jakarta on Monday.

The economist said she was convinced that if the infrastructure projects showed good progress, this could immediately change the sentiment in the market, which now tended to be careful, looking to the government for certainty.

Destry said Indonesia's economic structure was still being affected by several factors, especially in the industrial sector, which had not yet developed optimally.

'When our economy grows, consumption will grow and this will be followed by increases in imports, including imports of raw materials such as steel. If we use these in productive sectors, this will attract investors,' said Destry, highlighting that 76 percent of Indonesia's imports were of raw materials.

She also projected that Indonesia's current account deficit would reach 2.8 percent of gross domestic product (GDP) by the end of this year. (ebf)