Update COVID-19 in Indonesia: 3,293 confirmed infections, 280 deaths (9 April 2020)
9 April 2020 (closed)
USD/IDR (16,241) -4.00 -0.02%
EUR/IDR (17,636) -23.03 -0.13%
Jakarta Composite Index (4,649.08) +22.38 +0.48%
According to various analysts and the central bank of Indonesia, the weakening of the IDR rupiah should not be too alarming as there currently is a global trend in which currencies, worldwide, weaken against the US Dollar. This situation is triggered by the economic recovery that has been experienced by the world's largest economy recently. Compared to other ASEAN members, the rupiah's decline is normal. The central bank adds that foreign capital inflows will return and will strengthen the country's currency.