Indonesia’s rupiah sinks to record low as Prabowo shrugs off rout fears
Indonesia's rupiah has hit a record low against the US dollar, making it one of Asia's worst-performing currencies this year. The Jakarta Composite Index also experienced a significant drop, partly due to Indonesian companies being removed from major global indices. President-elect Prabowo Subianto has dismissed fears of an economic collapse, stating that ordinary Indonesians are not directly affected by dollar fluctuations and that the country's economic fundamentals remain strong. AI
