Rupiah Continues To Drop From External Factor: President

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  • Presiden Joko Widodo membagikan buku disela-sela pembagian peket sembako di tiga RW di Kelurahan Manggarai, Kecamatan Tebet, Jakarta, 10 September 2015. TEMPO/Subekti

    Presiden Joko Widodo membagikan buku disela-sela pembagian peket sembako di tiga RW di Kelurahan Manggarai, Kecamatan Tebet, Jakarta, 10 September 2015. TEMPO/Subekti

    TEMPO.CO, Jakarta - President Joko Widodo explained Thursday, September 10, that the weakening of rupiah against the US Dollar is currently prompted by external factors. Pressure from outside is extremely strong, resulting rupiah to rapidly drop.

    “We must understand that the pressure from outside is considerably strong,” Jokowi said during a visit to Menteng Dalam, a district in Jakarta, on Thursday.

    Rupiah returned to set new record lows against USD since 1998. Rupiah has even touched its weakest point at Rp 14,364/USD.

    Based on the data from Bloomberg, in Thursday’s trade, rupiah dropped 0.50 percent or 71 points to Rp 14,333/USD after its previous rise on Wednesday.

    The movement of rupiah exchange rate towards USD on Thursday reached its highest point of Rp 14,364 and Rp 14,262 at its lowest. Its recorded to be the weakest point in the last 17 years.

    REZA ADITYA