Indonesia’s rupiah to continue devaluating
The central bank of Indonesia forecasts the country’s currency rupiah
will continue the depreciation trend in 2015 as the US dollar is
strengthening in the markets.
The central bank of Indonesia forecasts the country’s currency rupiah
will continue the depreciation trend in 2015 as the US dollar is
strengthening in the markets.
The rupiah may fall to 13,000 per USD next year in comparison with the government’s target of 11,900 per USD, according to Indonesian Finance Minister Bambang Brodjonegoro.
Currently, the rupiah touches 12,300 per USD, its weakest level since the 2008 financial crisis.
Bank Indonesia (BI)’s governor Agus Martowardojo said the recent weakness in the rupiah is due to the strong US dollar and Indonesia’s rising trade deficit, which causes inflation.
To deal with this, the BI will maintain the interest rate at 7.75 percent, he added.-VNA
The rupiah may fall to 13,000 per USD next year in comparison with the government’s target of 11,900 per USD, according to Indonesian Finance Minister Bambang Brodjonegoro.
Currently, the rupiah touches 12,300 per USD, its weakest level since the 2008 financial crisis.
Bank Indonesia (BI)’s governor Agus Martowardojo said the recent weakness in the rupiah is due to the strong US dollar and Indonesia’s rising trade deficit, which causes inflation.
To deal with this, the BI will maintain the interest rate at 7.75 percent, he added.-VNA
You should also see
Acting President urges An Giang to pool resources for development
Acting President Vo Thi Anh Xuan met with voters in Thoai Son district and Long Xuyen city in the Mekong Delta province of An Giang on April 27, ahead of the 15th National Assembly’s 7th session.
See more
World
Thai central bank intervenes to stabilise currency
The Bank of Thailand (BoT) said it has intervened in currency markets at times to ease any excessive moves in the THB, adding that the current policy rate is robust and conducive to economic recovery, reported the Bangkok Post.
World
Vietnam appeals for maximum self-restraint, end to hostilities in Middle East
A representative of Vietnam appealed to all the parties concerned to exercise maximum self-restraint and to end hostilities, while addressing a United Nations Security Council (UNSC) open debate on the Middle East and Palestine situation on March 25.
World
Indonesia’s coffee exports surpass imports
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) has reported.
World
Thailand expects wave of tourists during Golden Week
The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.
World
Argentinian media praises Dien Bien Phu Victory
Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.
