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Indonesian rupiah falls to record low against US dollar
Indonesian rupiah falls to record low against US dollar JAKARTA: Indonesia's rupiah hit its weakest level ever against the dollar on Thursday (Jun 4), breaching the psychological 18,000 threshold amid concerns about the country's economy amid surging energy costs. The unit hit 18,028 against the greenback despite recent central bank efforts to provide support.
Indonesia’s rupiah falls to record low against US dollar
Indonesia’s rupiah falls to record low against US dollar Currency plunge comes as energy shock from the Iran war casts a cloud over Southeast Asian economies. Indonesia’s rupiah has hit its weakest level ever against the US dollar, breaching the psychological 18,000 threshold amid surging energy costs. The currency hit 18,028 against the greenback on Thursday, despite recent central bank efforts to provide support.