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View all search resultsAn interplay of external and domestic factors has determined the rupiah's performance this year to date, and keeping an eye on established risks through approaches like monetary discipline and deepening regional cooperation will help safeguard currency stability toward improved economic resilience.
Indonesia shaved US$4.6 billion off its foreign exchange (forex) reserves in April as the government serviced foreign debts and the central bank intervened in the market to stabilize the rupiah’s exchange rate amid the tariff turmoil.
Further escalation in the Middle East conflict could pose multi-layered economic risks to Indonesia, ranging from further capital outflows to weaker gross domestic product (GDP) growth, according to analysts and some former government officials.
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