Monday, 03 Oct 2022

Problems in Turkey have an impact on the weakening of the Indonesian rupiah against the US dollar


Sri Mulyani IndrawatiSri Mulyani Indrawati

NEWS24.CO.ID - Indonesian Finance Minister, Sri Mulyani Indrawati said the government would remain cautious about the recent global dynamics. The reason is that this can disturb the stability of the rupiah exchange rate. She explained the problems that have occurred in Turkey have recently affected all currencies in the world, including Rupiah.

The exchange rate of United States (US) dollar against rupiah this morning was at 14,590. Uncle Sam's currency strengthened quite sharply and has penetrated the level of IDR 14,600. "Every day there are always various factors that can influence each other. So in the last week the factors originating in Turkey have emerged globally, because not in terms of magnitude, there is dynamics in Turkey" said Sri Mulyani at JS Luwansa Hotel, Jakarta, Monday, August 13th 2018.

The problem faced by Turkey, said Sri Mulyani is a serious matter. Starting from the exchange rate of the currency, the political dimension, to the security side. For Indonesia, Sri Mulyani continued, economic growth in the second quarter of 2018 is 5.27% driven by consumption must be boosted again by increasing exports and investment.

"But we need to be careful because the environment we face is very different from 2015, when quantitative easing was still occurring and the interest rate hike has not been made recently, if now interest rates have risen globally and quantitative easing has begun to be reduced, and this is what causes more pressure on various currencies in the world" she concluded.