Bisnis, JAKARTA - The rupiah exchange rate is facing a severe headwind as it hits a record-low since April 2020. In response, financial authorities are developing various strategies to prevent the rupiah from further weakening and to prevent the collapse of the Indonesian financial markets.
BI Scramble to Mitigate Impacts of Rupiah’s Weakening
After breaching the psychological level of IDR16,000, the rupiah remains on its downward trajectory against the US dollar while financial authorities scramble for mitigation measures.
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