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Here’s why Indonesia’s currency woes won’t go the way of India’s

Posted on 30 August 2013

Despite the dire headlines about the plummeting currencies of Indonesia and India, the crisis in Indonesia will be a much easier one to remedy for several reasons. Here’s why: Indonesia’s economic policies haven’t flip-flopped like India’s.
With the scars of the 1997 Asian financial crisis still front of mind, Indonesia’s government seems determined to avoid the kind of muddled policy efforts that have hobbled India’s economy. As such, Jakarta reacted decisively to the 11% dive in its currency over the past three months………………………………………..Full Article: Source


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