Rupiah Weakens Against the Dollar

KN. Finance Minister Purbaya Yudhi Sadewa was addressed the rupiah’s weakening against the U.S. dollar, which has nearly reached IDR17,000 per dollar. Purbaya said the government is working to safeguard economic fundamentals through a series of measures to support the rupiah. “First, we will ensure sufficient liquidity in the financial system. Bank Indonesia and the Finance Ministry have agreed to maintain this together. Second, I will make sure government programs and spending are accelerated early in the year. If liquidity in the system is adequate, the real sector can operate. After that, we will improve the investment climate,” Purbaya said.

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