Bank Indonesia (BI) asked the public not to panic over the weakening of the rupiah against the US dollar (US). This afternoon, the currency of Uncle Sam's country is increasingly powerful and translucent to the level of Rp 13.900.
Executive Director of the Communication Department of BI Agusman said it will also consolidate the government to keep the exchange rate.
"We ask the public not to panic, it's because of global factors, and not just (currency) in us, the world too," said Agusman at Bank Indonesia building, Jakarta, Monday (23/4/2018).
Agusman said, the rupiah is not the only currency that lies helplessly resist the strength of the US dollar.
As of Friday (20/4/2018). The development of several currency exchange rates such as Philippine peso depreciation -4% (year-to-date / YTD), Indian rupee -3.38% (YTD), Turkish lira -6.54% (YTD), Brazil real- 2.81% (YTD), and Indonesia -2.23% (YTD). While the appreciation is Tailand baht of 4.01%, and Malaysia ringgit of 3.82%.
"So almost all the currency, year to datebanyak that above us depresiasinya," he explained.
Nevertheless, Agusman said the central bank will continue to intervene to keep the rupiah stable by always being in the market.
"So we understand this incident, but we ask all to be together and we remain in the market, and we hope to overcome this situation, because this is a global factor, this global factor is beyond our power," he closed.
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