Weakening IDR

[snpark]

Euro also at a high 20.6

 

[Dave70]

Just reached 17,500 for the first time!

You must be very happy

 

[snpark]

Yes sorry for those who don't benefit but these are crazy rates right now for us lucky ones who get "paid" in USD$ and Euros

 

[serious_fun]

I’m mostly spoiled in regards to Mexican food staples, tortillas, refried beans, and salsa.

jealous! I buy 'kabob wraps' on shoppee that work well enough for my quesadillas...of course fresh produce is perfect. 🌶

 

[snpark]

One for the numerologists and aviation guys today

747 and 545

 

[Helpful Herbert]

Just reached 17,600.
Interesting comment that 'US dollars are not used in the villages' so the exchange rate is not important to most people

Prabowo Criticized Over Weak Rupiah Remarks

Several statements made by Indonesian President Prabowo Subianto in his speeches often trigger pros and cons.

en.tempo.co

 

[Banana72]

a few years ago (2013?) he said that the weakening rupiah against the dollar means the government is not doing its job, so maybe memory issues is kicking in? Maybe he needs the nutrition from the MBG?

 

[serious_fun]

Just reached 17,600.
Interesting comment that 'US dollars are not used in the villages' so the exchange rate is not important to most people

I understood that comment to be a swipe at those wealthy Indonesians involved with capital flight and/or capital repatriation (refer to new 6 month amnesty). In other words, the wealthy are 'out of touch' with most people.

 

[snpark]

 

[Jaime C]

18000 to 1 USD sure seems to be right around the corner.

I certainly thought with all the nonsense going on in the US that it would be going in the opposite direction.

 

[Balifrog]

The key drivers of the Rupiah's depreciation include:

• Escalating Geopolitical Tensions: The ongoing conflict in the Middle East has spooked global financial markets. This uncertainty drives investors to pull their money out of emerging markets (including Indonesia) and move funds into safe-haven assets like the US Dollar.
• Strong US Dollar and Interest Rates: Continued inflationary pressures in the US mean the Federal Reserve is expected to maintain higher interest rates. This makes US dollar-denominated assets much more attractive, pulling foreign capital away from the Rupiah.
• Seasonal Corporate Demand: The current period sees a high seasonal demand for US dollars by Indonesian corporations, which need foreign currency to pay offshore debts and repatriate dividends to foreign shareholders.
• Structural Imbalances: Economists point to Indonesia's historical over-reliance on volatile capital inflows and a narrow, commodity-dependent export base as underlying structural vulnerabilities.
• Market Confidence and Fiscal Concerns: Investor caution and sentiment have been impacted by global index reviews, with concerns raised about domestic market liquidity, free-float issues, and the government's fiscal direction.

 

[centurion]

I certainly thought with all the nonsense going on in the US that it would be going in the opposite direction.

You beleived in propaganda that the US is in terminal decline.

 

[Balifrog]

You beleived in propaganda that the US is in terminal decline.

Not terminal, but decline for sure....

 

[centurion]

Not terminal, but decline for sure....

Absolutely, 17.700+