Indonesian Finance Minister Assures Rupiah Weakening Differs from 1998 Crisis
Indonesian Finance Minister Purbaya Yudhi Sadewa has stressed that the current weakening of the rupiah, which has surpassed Rp18,000 against the US dollar, does not signal an economic crisis akin to the 1997-1998 Asian financial crisis. He asserted that Indonesia's economic fundamentals are robust, citing strong fiscal health and financial system stability, and pledged government and central bank coordination to stabilize the exchange rate and restore market confidence.
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