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View all search resultscurrent-account-deficit
Markets 1 year ago
PREMIUM
Rupiah surge spells headache for exporters
The rupiah had strengthened to nearly Rp 15,600 by noon on Thursday, bringing positive impacts for importers and investors, while experts recommend exporters to implement strategies to dampen the negative effects of a stronger currency.
Business 5 years ago
PREMIUM
Indonesia books first current account surplus since 2011
Indonesia booked a US$1 billion current account surplus in the third quarter, the country’s first surplus since 2011, as imports fell faster than exports due to weak domestic demand amid the coronavirus pandemic, Bank Indonesia (BI) announced Friday.
Business 5 years ago
BI to require natural resource exporters to convert forex earnings to rupiah
Bank Indonesia (BI) plans to require exporters of natural resources to convert their foreign exchange (forex) earnings into rupiah to stabilize the country’s currency, while it also continues to buy government bonds to support the economy amid the ongoing health crisis.
