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The Tianjin summit suggests that Modi and Xi did not seek reconciliation, but stabilization, learning from the US-Soviet detente during the Cold War.
BI is trying to utilize all the instruments it has to achieve currency stabilization.
At present the sugar price has reached Rp 4,000 per kilogram, exceeding the government’s price ceiling of Rp 12,500 per kilogram.
Bank Indonesia has assured that Indonesia’s financial system is in a stable condition, following the global uncertainty in 2018, but the central bank pointed out three risks that could destabilize the financial system.
Sri Mulyani says Indonesia needs to keep alert to a number of risks, particularly from external factors, especially the possible continuing economic slowdown and the decline in volume of global trade.