![Rupiah Falls, Turns Out It's Not Because of Iran-Israel Conflict, This Is the Culprit](https://cdns.klimg.com/mav-prod-resized/480x/ori/feedImage/2024/4/19/1713504645723-11vmj.jpeg)
![Rupiah Falls, Turns Out It's Not Because of Iran-Israel Conflict, This Is the Culprit](https://cdns.klimg.com/mav-prod-resized/480x/ori/feedImage/2024/4/19/1713504645723-11vmj.jpeg)
"Dream - The value of the Indonesian Rupiah has dropped to the level of Rp16,000 per United States Dollar (USD). The depreciation of this exchange rate has been felt even more after Iran retaliated against Israel some time ago."
However, it turns out that the decline of the Rupiah is not because of the tension currently happening in the Middle East.
The Coordinating Minister for Economic Affairs, Airlangga Hartarto, considers the weakening of the Rupiah currency as a strategy by the United States government (US).
The reason the central bank of the United States (US), The Federal Reserve (The Fed), intentionally will not lower the benchmark interest rate in the near future. "Once again, maintaining high interest rates is their strategy," said Airlangga quoted from Merdeka.com, Friday, April 19, 2024.
As information, the exchange rate of Rupiah has been continuously weakening since the beginning of the year. Airlangga mentioned that the continuation of the high interest rate trend will benefit the economy of the United States. Considering the increasing interest of investors to switch to US dollar currency instruments.
"Nevertheless, Airlangga asserts that the depreciation of the Rupiah exchange rate is not deeper compared to other countries such as China and Thailand. This condition cannot be separated from the preservation of Indonesia's economic fundamentals."
"If compared to peer countries, the dollar index in Indonesia is relatively safer," emphasized Airlangga.
Menko Airlangga reiterates that all elements of the Government have been working together to maintain the national economy.
"Starting from the implementation of fiscal policies carried out by the Government by optimizing the State Budget and Regional Budget during the handling of Covid-19. This also serves as a shock absorber, until the implementation of monetary policies by Bank Indonesia to stabilize the exchange rate of Rupiah. "So, of course, we must maintain the trust of domestic investors, especially to prevent capital outflow," explained Minister Airlangga."
Israel's counterattack on Iran causes crude oil prices to surge
Read MoreRising 15 places from its previous ranking of 43 in 2023.
Read MoreThey are even willing to commute across national borders once they become employees.
Read MoreSignificant Difference, Apple Invests Rp256 Trillion in Vietnam, Indonesia only Rp1.6 Trillion
Read MoreAs an example for his people, we should follow the example of the Prophet Muhammad, especially in trading.
Read MoreSo who is Nyimas Laula? Here is her profile
Read MoreThe purpose of this prayer is to ask for smooth, easy, lawful, and blessed sustenance in order to be free from financial problems that are pressing.
Read MoreForeign Minister Wang Yi Meets Jokowi, This is the Investment Flow from China for Indonesia
Read MoreThe President encourages the Chinese government to be involved in the cooperation for the development of the Indonesian Capital City (IKN), particularly in the field of transportation.
Read MoreThere are valuable lessons from the way the Prophet Muhammad traded that can be an inspiration to obtain blessings and success in business.
Read MoreIndonesia is still far behind Japan and Singapore in the use of public transportation.
Read MoreHere is a list of 38 ministries/agencies that are included in the first priority of relocation:
Read MoreLocal government describes the rainfall as the biggest in the last 75 years.
Read MoreThis is believed to be able to solve the bot problem.
Read MoreThis is the Figure who Accompanied Apple CEO Tim Cook Eating Chicken Satay in Jakarta
Read MoreThis is Tim Cook's Response After Jokowi Asks to Build a Factory in Indonesia
Read MoreHow much wealth does Apple CEO Tim Cook have while visiting Indonesia
Read MoreTrillion rupiah investment allocated to build Apple Developer Academy in four cities in Indonesia. Which cities are they?
Read More