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Indonesia’s central bank governor said yesterday that the bank is seeking to slash three zeros off the face value of rupiah notes to simplify its currency system. Bank Indonesia Governor Agus Martowardojo said he has asked President Joko Widodo to revive a…
Bank Indonesia released on Monday seven new banknotes and four coins bearing the pictures of 12 national heroes. The launch of the new notes and coins was attended by President Joko “Jokowi” Widodo and Bank Indonesia governor Agus Martowardojo in Jakarta,…
The Indonesian rupiah fell 20 points to close at Rp13,529 per dollar in the Jakarta interbank spot market on Friday evening, compared to the previous close of Rp13,509 per dollar. “The US dollar continued its rally against the majority of the main global…
The rupiah fell 54 points to close at Rp13,414 per dollar in the Jakarta inter-bank spot market on Friday evening, compared to the previous close of Rp13,360 per dollar. The dollar appreciated at the weekend, sending a signal that the Fed has indicated the…
The interbank exchange rate of rupiah in Jakarta moved higher by 23 points, reaching 13,045 rupiah per one US dollar compared to 13,068 rupiah previously. “Rupiah strengthened against US dollar in line with the growth indicated in the just released domestic…
The rupiah weakened 43 points to close at 13,015 per US dollar in the Jakarta interbank spot market on Friday evening, compared with the previous close of 12,972. “The rupiahs exchange rate depreciated against the US dollar along with the weakening of…
Tourist arrivals will spike this year. Buoyed by the resurgent rupiah, Indonesian holidaymakers are once again trooping to Singapore to shop and splurge, according to a report by Bloomberg. The rupiah has surged 9.9 percent against the U.S. dollar over the…
The Indonesian rupiah strengthened 72 points to Rp12,980 per dollar on Friday evening, compared to Rp13,052 per dollar the day before. Developed countries decision to adopt a zero interest rate policy made the yield less interesting and money market investors…
Indonesian retailers could see tough days persisting next year as they wade through a storm of weak rupiah and waning consumer demands, analysts at Credit Suisse Securities Indonesia says. Retailers in the country have grappled with volatility in the rupiah…
The Indonesian rupiah closed stronger at Rp13,774 per dollar in the Jakarta interbank market on Monday evening, up 143 points from the previous close of Rp13,917 per dollar. The rupiah strengthened against the US dollar as uncertainty about the money market…
