Reported 4 days ago
The Indonesian rupiah has plummeted to its weakest level since the Asian Financial Crisis, amid rising concerns regarding the nation’s fiscal health and the actions of President Prabowo Subianto's administration. Current market volatility has led to a 3% decline this year, with the rupiah trading at 16,642 against the dollar. The central bank is intervening to stabilize the currency, but pressures from global uncertainties and an impending U.S. tariff announcement may continue to impact its value.
Source: YAHOO