Happy Maids - Corrupted Government crashed Indonesian Rupiah

One SGD hit a high of 12,345 rupiah this morning. Still climbing as we speak.

Can go chiong in the 3Bs - Batam, Bintan, Bali.

bushtucker said:

Can go chiong in the 3Bs - Batam, Bintan, Bali.

Click to expand...

Rupiah hits record low on fiscal woes
https://www.businesstimes.com.sg/in...an-rupiah-hit-record-low-fiscal-woes-analysts

Indonesia’s Rupiah Falls to Lowest Level Since Asian Financial Crisis​

A perfect storm of domestic and international uncertainties has pushed the currency toward the all-time low set in mid-1998.
https://thediplomat.com/2025/03/ind...to-lowest-level-since-asian-financial-crisis/

too many sick cuntries in asia. thanks to pap, sgd is strong.

eatshitndie said:

too many sick cuntries in asia. thanks to pap, sgd is strong.

Click to expand...

indonesian politicians park their monies here, supporting our FX.

Chase said:

indonesian politicians park their monies here, supporting our FX.

Click to expand...

everybody with an iota of iq will park money in sg, including moi.

eatshitndie said:

everybody with an iota of iq will park money in sg, including moi.

Click to expand...

this is better than NVIDIA

eatshitndie said:

too many sick cuntries in asia. thanks to pap, sgd is strong.

Click to expand...

That's because all that money from Neighbours ended up in sinkie.

Indonesian rupiah to hit record low on fiscal woes: analysts
Indonesian stocks have also not been spared, with the benchmark gauge falling almost 12 per cent this year to trail most of its Asian peers


Published Wed, Mar 26, 2025 · 12:10 PM
Indonesian policymakers are no strangers to stepping into the market to stabilise the currency. PHOTO: EPA-EFE
Indonesian policymakers are no strangers to stepping into the market to stabilise the currency. PHOTO: EPA-EFE
Indonesian policymakers are no strangers to stepping into the market to stabilise the currency. PHOTO: EPA-EFE
Indonesian policymakers are no strangers to stepping into the market to stabilise the currency. PHOTO: EPA-EFE
Indonesian policymakers are no strangers to stepping into the market to stabilise the currency. PHOTO: EPA-EFE
[MUMBAI] Analysts see Indonesia’s rupiah declining to a record low in the short term as political and economic worries continue to grow in South-east Asia’s biggest economy.

The currency may weaken past the 16,950 per US dollar level set in 1998, according to Mizuho Bank and MUFG Bank, amid investor unease over President Prabowo Subianto’s populist spending measures and policies. The rupiah pared losses on Tuesday (Mar 25), after it touched a three-decade low, to close at 16,595 after Bank Indonesia stepped in to support the currency.

Traders have been rattled by Prabowo’s plans to erode the central bank’s independence and his aggressive policies against foreign businesses such as Apple, with jitters running high over the nation’s fiscal outlook. US tariffs, which are set to be unleashed next week, are further denting sentiment.

“Markets are becoming increasingly concerned about growing fiscal risks in Indonesia, given the slew of social programmes that have been implemented by the new administration,” said Lloyd Chan, an FX strategist at MUFG. Foreign investors are on the sidelines and the currency could fall beyond 17,000 per greenback if US President Donald Trump delivers a tariff shock in April, he said.

Indonesian policymakers are no strangers to stepping into the market to stabilise the currency. Authorities have repeatedly said this year that they are intervening to curb volatility, while also buying bonds to support liquidity. Investors will also be watching to see if the central bank adjusts monetary policy next month to stem capital outflows or if it will allow the currency to depreciate further.

Bank Indonesia has “the FX reserves to draw a line in the sand temporarily if they wish, but it would not be sustainable when the market sentiment driving the currency weaker is so strong”, said Jon Harrison, managing director, EM macro strategy at GlobalData TS Lombard in London. “For the moment, I think they will choose depreciation as low inflation gives them some room for manoeuvre.”

SEE ALSO
The currency has slumped more than 3 per cent this year, making it one of the worst performers in emerging markets.
Rupiah sinks to 5-year low as Trump tariffs, Prabowo’s fiscal plans rattle markets
Indonesian stocks have also not been spared, with the benchmark gauge falling almost 12 per cent this year to trail most of its Asian peers. Bonds are similarly under pressure, as the premium investors demand to hold 10-year notes over their US counterparts rose to the highest since September last week.

The 16,800 level for the rupiah is a “very near-term risk if the buckles are not backstopped”, said Vishnu Varathan, head of economics and strategy at Mizuho. “Beyond which, 17,000 may be the next level targeted”. BLOOMBERG

What's moving the markets? BT knows.
Unlock full access with a premium membership.

All I know is that more Indon gers to piak this weekend ... RAW.

IQ and Race

Whores will be cheaper

Chase said:

indonesian politicians park their monies here, supporting our FX.

Click to expand...

Thanks to the weak Indonesia and corrupted people. Singkie is as strong as ever.

Indonesia is being punished for not kowtowing to mighty USA.
This new president prabowo got the balls.