Indonesia will safeguard rupiah exchange rate: econ minister
Published Thu, Jul 23, 2015 · 02:58 AM
[JAKARTA] Indonesian chief economics minister Sofyan Djalil said on Thursday the government will work with the central bank to safeguard the rupiah exchange rate in accordance with fundamentals.
He said the current decline in the rupiah against the US dollar was normal and would not have a big impact.
The rupiah fell as much as 0.2 per cent on Thursday to 13,395 per dollar, its weakest since August 1998.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China’s first-quarter industrial profits rise at slower pace
When US diplomats visit China, meal choices are about more than taste buds
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked