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Spin the Wheels of Economy

Experts say that the recent weakening of the rupiah will have serious consequences. The government’s swift and proper response is awaited. A serious response is urgently needed against the weakening rupiah, as it is the result of a two-pronged cause: global and domestic.

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A teller counts 100-dollar US bills on Monday (7/5/2018) at the PT D8 Valasindo money changer in Gandaria, South Jakarta.

Experts say that the recent weakening of the rupiah will have serious consequences. The government’s swift and proper response is awaited.

A serious response is urgently needed against the weakening rupiah, as it is the result of a two-pronged cause: global and domestic. The domestic cause is a fundamental one, namely the six-year current account deficit.

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