Kompas.id

us dollar

It hard to imagine what kind of world we will face in such a circumstance. Separate financial systems will lead to very transaction and coordination costs. The world economy will be divided.

Bagikan

De-dollarization: Between Speculation and Reality

It hard to imagine what kind of world we will face in such a circumstance. Separate financial systems will lead to very transaction and coordination costs. The world economy will be divided.

Relationship between US Dollar and Oil Prices

The positive correlation between oil prices and the US dollar index inverses, easing the burden on other countries.

Indonesia Continues 'De-dollarization'

The Indonesia's trade transactions and investment with the four countries no longer use the US dollar, but use their respective local currencies.

Inflation Threat Haunts Indonesia

As for maintaining consumption levels, the government has allocated around Rp 104.8 trillion from the state budget to pay compensation for fuel oil and electricity subsidies in the first semester of 2022.

Positive Sentiment Not There Yet

The policies of Bank Indonesia and the government have not been able to bring a positive sentiment to the market. The rupiah hovered at around Rp 14,900 per US dollar in the past three days, indicating that external factors affected the domestic financial market.

Iklan

Uncertainty Ahead in Global Economy

Many are voicing their deep concerns on disruptions in global supply chains and further pressures on the global economy. Such was the general global response to the latest development of the US-triggered trade war against China.

Consistency in Efforts to Protect Rupiah Essential

Efforts to control imports must be carried out consistently. These programs, supported by an increase in investment and exports, are expected to be able to reduce the pressure on the rupiah.

Further Steps to Protect Rupiah

The government is preparing additional measures to reduce the current account deficit. After announcing an additional import tax on 1,147 imported consumer goods, the government is discussing a number of national strategic projects that can be delayed.

Weak Rupiah Plunges Even Deeper

The rupiah fell further to a new low at 14,711 per US dollar. However, Bank Indonesia (BI) believes Indonesia\'s economic resilience remains strong. BI and the government need to work hand-in-hand to cope with the sharp depreciation of the Indonesian currency.

Uncertainties in Global Economy Continue

Uncertainties in the global economy are continuing. In the financial sector, efforts to rebalance the global liquidity are taking place everywhere as a number of developed countries, especially the US, need additional liquidity.

Iklan