Weak Rupiah; VP Kalla Urges Public Not to Buy Ferrari, Hermes
6 September 2018 13:08 WIB
TEMPO.CO, Jakarta - The rupiah depreciation against the US dollar prompts Vice President Jusuf Kalla to ask people to help the government reduce imports. The VP said this could be an effective way to support the government's efforts to curb the current account deficit (CAD) in a bid to stabilize the rupiah.
To do this, he said, the public can help by not purchasing luxury items.
"No need for Ferrari, Lamborhgini, huge cars, luxury goods, expensive perfumes or Hermes bags, for example," the VP said on Tuesday, September 4.
Read also: Rupiah Predicted to Bounce Back as Imports Get Curbed
That way, Kalla added, the difference between import and exports value will be reduced.
As of Thursday morning, the rupiah was traded for 14,928 per US dollar. This reflects a 48-bps gain from yesterday's close.
FRISKY RIANA
