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Protecting the Rupiah

The rupiah depreciation will have many implications, such as an increase in fuel subsidies, difficulty in importing capital goods as well as raw materials, foreign debt payments, a rise in inflation, and so on.

By
A. TONY PRASETIANTONO
· 6 minutes read
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KOMPAS/HERU SRI KUMORO

A. Tony Prasetiantono

The pressure on the rupiah has not lifted. The rupiah exchange rate weakened further to Rp 14,003 per US dollar on the spot market. The Jakarta Composite Index (JCI) also fell to 5,849 last Friday, a 9 percent decline compared to the level at the beginning of the year.

The rupiah depreciation will have many implications, such as an increase in fuel subsidies, difficulty in importing capital goods as well as raw materials, foreign debt payments, a rise in inflation, and so on.

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