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.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsRupiah weakens due to yuan devaluation, says Kalla
Vice President Jusuf Kalla said on Wednesday that the weakening of the rupiah exchange rate to Rp 13,747 per US dollar on Wednesday morning was triggered by, among other things, the Chinese governmentâs decision to devalue its yuan
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
V
ice President Jusuf Kalla said on Wednesday that the weakening of the rupiah exchange rate to Rp 13,747 per US dollar on Wednesday morning was triggered by, among other things, the Chinese government's decision to devalue its yuan.
'It is one of the impacts of the yuan devaluation. Indonesia has suffered from the impact of the devaluation. This has affected not only Indonesia but also other countries,' the Vice President said as quoted by Antara in Jakarta on Wednesday.
Kalla said the weakening of the rupiah was also triggered by some other factors, including domestic affairs and everything conducted by the government had a correlation with external factors as well.
The rupiah exchange rate traded among banks in Jakarta on Wednesday morning weakened by 140 points to Rp 13,747 per dollar from Rp 13,607.
Samuel Securitas economist Rangga Cipta said in Jakarta that the rupiah exchange rate had been suppressed to its weakest level in the last 17 years.
Domestic currencies had suffered a serious impact from the Chinese government's policy to devalue its yuan.
'Indonesia's position as one of China's main trading partners and a commodity exporter will make the country's overall economic prospects suffer from the Chinese government's policy,' said Rangga. (nov/ebf)(++++)
