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Indonesia intervenes as rupiah falls to Asian crisis lows

  • On March 25, 2025, the Indonesian rupiah fell to its lowest level since June 1998, reaching 16,640 rupiah per dollar amid political and fiscal concerns.
  • Bank Indonesia intervened in currency and bond markets to stabilize the rupiah amid concerns about fiscal health and global uncertainties, according to Fitra Jusdiman.
  • Concerns over Indonesia's fiscal health and economic growth have led to a decline in the rupiah, impacting investor confidence, as noted by analysts.
  • Indonesian businesses have tightened material imports in response to the weak rupiah, as stated by Shinta Kamdani, Chairwoman of the Indonesian employers association.
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Indonesia intervenes as rupiah falls to Asian crisis lows

·United Kingdom
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British Chamber of Commerce in Indonesia broke the news in on Monday, March 24, 2025.
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