Evaluating the Economic Stimulus
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GThis foreign exchange picture adorns a money changer at Pondok Indah Mall, South Jakarta, Saturday (28/07/2018). The currencies of a number of Asian countries, including Indonesia, are still weakening as a result of global financial uncertainty. The rupiah exchange rate rose slightly to 14,483 per United States dollar after falling to 14,520 per US dollar on July 20, according to the Jakarta Interbank Spot Dollar Rate.
The government has formulated a number of measures to curb the current account deficit through a number of efforts such as to increase exports and to reduce imports.
Since January 2018, rupiah exchange rate has continued to depreciate. The rupiah exchange rate continues to weaken from 13,300 per US dollar in January, this year.