Indonesian Rupiah Rate Stabilized in June 2020; Central Bank Cuts Key Rate Again
The Indonesian rupiah exchange rate stabilized in June 2020, which must be a major relieve for officials, both at the central bank (Bank Indonesia) and the government.
19 October 2025 (closed)
Jakarta Composite Index (7,915.66) -209.10 -2.57%
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Financial Columns
Our Financial Columns offer analyses of subjects related to the Indonesian financial markets. Together, these columns - that also have high news value in the current state of the Indonesian economy - intend to provide a clear and detailed picture regarding the structure and performance of these markets.
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In Search of Tax Revenue; Indonesia Imposes VAT on Imported Products & Services
It is something the central government of Indonesia has been planning and weighing for several years now, but the coronavirus (COVID-19) crisis seems to have sped up the efforts. Per 1 July 2020, the Indonesian government imposes a 10 percent value-added tax (VAT) on sales of imported digital products and services.
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Indonesian Rupiah Rebounds in April 2020 as COVID-19 Pandemic Fears Ease
The Indonesian rupiah, which had been under heavy pressure in March 2020 amid novel coronavirus (COVID-19) panic, rebounded in April 2020 (albeit policymakers emphasize that the Indonesian rupiah remains undervalued at the moment).
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Coronavirus Fears Put Heavy Pressures on the Rupiah Exchange Rate
Around the globe, financial markets experienced a heavy storm – or a tornado – in March 2020 as coronavirus fears peaked. Particularly after the World Health Organization (or WHO) officially labelled the COVID-19 outbreak a “pandemic” on 11 March 2020 and a growing number of nations started imposing restrictions on the movement of people and economic activity, markets entered deep red territory.