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Is Indonesia Facing a Currency Crisis?

Posted on 26 June 2014

Indonesia’s rupiah is headed south, fuelled by rising oil prices, and is nearing the 2008 lows once again. The USD/IDR is currently trading a little below the record 12,500 mark touched in 2008, but the currency situation now is not as grave as it was during the 2008 crisis, at least for corporate investors.
At the 2008 trough of 12,503, the rupiah was about 25% weaker from its end-2007 level. And the JSE composite, Indonesia’s benchmark stock index, had fallen nearly 35% during the same period………………………………………..Full Article: Source


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