Rupiah Under Double Pressure
The Indonesian currency has been under double pressure since the beginning of the week. The pressure comes not only from the strengthening US dollar, but also from the weakening Chinese renminbi. These two factors caused the rupiah to fall further.
A resident sees the authenticity of money in an education booth to introduce and love the rupiah in Taruna field, Gorontalo, Gorontalo province, Friday (1/6/2018). Through the Indonesian New Generation (Genbi), Bank Indonesia introduces, educates and invites people to love the rupiah currency.
JAKARTA, KOMPAS – The Indonesian currency has been under double pressure since the beginning of the week. The pressure comes not only from the strengthening US dollar, but also from the weakening Chinese renminbi. These two factors caused the rupiah to fall further.
According to the Jakarta Interbank Spot Dollar Rate (JISDOR) on Tuesday, the rupiah exchange rate fell to Rp 14,163 per US dollar, the lowest in June.