Improving Confidence

Global financial turmoil that has caused rupiah and JCI decline requires serious attention from the government. The rupiah weakened to Rp 13,893 against the US dollar on April 27, while the JCI closed at 5,919.

KOMPAS/PRIYOMBODO

Sealed bricks of US$100 bank notes are stacked on a table at a Bank Mandiri cash center on Friday (27/4/2018) in Jakarta. Based on the Jakarta Interbank Spot Dollar Rate, Friday’s rupiah exchange rate was Rp 13,879 to the US dollar.

Global financial turmoil that has caused rupiah and Jakarta Composite Index (JCI) decline requires serious attention from the government.

The rupiah weakened to Rp 13,893 against the United States dollar on April 27, while the JCI closed at 5,919. In 2018, the JCI touched its highest level in the 6600s.