Can the Rupiah's Depreciation Reverse Like the Habibie Era?
As the Rupiah hovers near 17,596 per USD, many are recalling the 1998 recovery under President B.J. Habibie. Experts argue that while Habibie's success in restoring market trust is a valuable lesson, current structural and fundamental challenges require a modern policy approach rather than mere nostalgia for past exchange rates.
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