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In essence, the Indonesian rupiah showed the same performance in 2024 as it did in the previous four years, namely it continued to weaken against the US dollar, albeit (the outlook for) interest cuts in the United States did cause a sharp, yet temporary, rebound in August 2024. Shortly af...
Don’t exchange your travel money at the airport – it’s much cheaper to withdraw money from an ATM with your travel money card. Always choose the local currency (without conversion) when withdrawing money from ATMs or using your travel money card in shops and restaurants. ...
Indonesia, is a country located at South-Eastern Asia, it has an area of 1,916,907 Km2 and it may be considered a large country. Indonesia, with a population of 278,696,000 people, it is one of the most populous country in thw world and has a population
Having ample reserves meant Bank Indonesia was comfortable issuing a dollar-denominated bill as part of its monetary policy strategy to enhance the effectiveness of monetary policy transmission, accelerate the deepening of money and FX markets, and encourage capital inflows. The outstanding bills total ...
Warjiyo said the rupiah's recent weakness was due to broad U.S. dollar strength and capital flight to U.S. dollar assets since the election, but said it was manageable and all monetary instruments would be used to support the currency's stability. ...
(the "BKPM") has reported that foreign direct investment in Indonesia fell in U.S. dollar terms for the first time in two years in 2013. According to the BKPM, foreign direct investment fell from US$7.2 billion in the second quarter of 2013 to US$7 billion in the third quarter of ...
The rupiah hit a four-year low at 16,475 per U.S. dollar last month due to a strong dollar and on concern about the spending plans of the incoming government. The rupiah is stabilising after bouts of weakness in recent weeks and there should be a tendency to streng...
2025-02-19 Bank Indonesia Delivers Surprise Rate Cut The Bank of Indonesia unexpectedly cut its benchmark interest rate by 25 bps to 5.75% during its January 2025 meeting, defying market expectations of a pause. This decision aligned with the central bank's commitment to maintaining inflation wit...
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