Indonesian Finance Minister Calls Rupiah's Plunge 'Illogical' Amid Strong Economic Fundamentals
Indonesian Finance Minister Purbaya Yudhi Sadewa has stated that the rupiah's sharp depreciation towards Rp17,800 per US dollar is 'illogical' given Indonesia's strong economic fundamentals. He dismissed the need for a stress test on the state budget (APBN), emphasizing government intervention to stabilize the exchange rate.
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