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View all search resultsforeign-exchange
Economy 5 months ago
PREMIUM
BI holds rate steady to rein in rupiah's weakening
The central bank has decided to keep the BI-Rate unchanged at 4.75 percent to prevent the rupiah from spiraling ever downward amid the nearly two-month war in Iran as the currency hit a record low of Rp 17,193 per greenback on Wednesday, while experts pointed to a narrowing room for monetary policy in its aim to secure financial stability.
Economy 1 year ago
PREMIUM
Global currency volatility remains elevated: What about the rupiah?
An 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.
Economy 1 year ago
PREMIUM
RI spends $4.6b of forex reserves to pay debt, stabilize rupiah
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.
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