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Indonesia's rupiah hits record low amid economic 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

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Indonesia's rupiah hits record low amid economic fears

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  1. SCMP — Tech TIER_1 English(EN) · Resty Woro Yuniar ·

    印尼盾跌至纪录低点,普拉博沃对溃败担忧不以为意

    Indonesian officials have moved to reassure markets that the country’s economic fundamentals remain sound after the rupiah sank to a record low, but President Prabowo Subianto’s attempts to play down the currency’s slide has attracted criticism from economists and social media us…