The Indonesian rupiah continued its depreciation against the US dollar. The central bank's mid rate now surpassed the IDR 11,000 per US dollar-mark for the first time since 2009. In the non-deliverable forward (NDF) market the currency dropped to IDR 11,756 per US dollar. Main reason for the continued weakening is the lack of dollar liquidity in the market. Concerns about a military operation in Syria also impact negatively on the rupiah's value. An attack on Syria could give rise to higher oil prices and therefore widen Indonesia's current account deficit.

| Source: Bank Indonesia