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Bank Indonesia decided that it will keep interest rates at the current levels, causing Rupiah to fell 15 bps to trade for IDR 15,645 per US Dollar.
Zimbabwe will introduce a new currency in the next 12 months as a shortage of U.S. dollars plunges the financial system into disarray.
The weakening of the US dollar in global markets and optimism on the new president allowed the rupiah to gain.
Minister Darmin Nasution asserted that rupiah`s recent appreciation was triggered by people`s tendency to buy US dollar and stop speculating.
Indonesian rupiah rose to Rp 13,491 per-US Dollar this morning.
Jokowi called on banks to facilitate foreign nationals to open foreign exchange accounts in Indonesia with a maximum balance of US$50,000.
The rupiah is receiving sentiments from an increased forex transaction for debt settlements and seasonal dividend payments in the second quarter.
The JISDOR edges down by 0.08 percent from yesterday's closing rate of Rp13.309 per US dollar.
Analyst says the rupiah will be corrected further by Greece's financial crisis after the IMF gave the Greeks a dollar-denominated loan.
Greece's financial breakdown is expected to hit the rupiah hard, with analysts projecting a low rate of Rp14,000 per US dollar.
Article 23 (1) of Law No. 7/2011 on Currencies stated that the Rupiah is the legal tender for transactions within Indonesia.
The Jakarta Interbank Offered Rate (JIBOR) notes the rupiah climbing 21 points this morning to Rp13,314 per US dollar.
Analysts don't expect the gain to last long.
Fed's Thursday statement leads the rupiah to fall 24 points (0.18 percent) to Rp12,987 per US dollar.
The rupiah's gain on the greenback is not expected to last.
Bank Indonesia's median rate today sees the rupiah slipping 0.52%
BPS notes a steadily high rate of core inflation in Q1, with March's rate reaching 5.04%.
Mr. Hadad said the OJK will continue to monitor the nation's financial services industry in a sustainable manner.
The rupiah climbs 37.5 points (0.28%) against the US dollar, the strongest among other Asia-Pacific currencies that also strengthen on the greenback.
The tax incentives in Jokowi's rupiah rescue policy package are expected to result in a loss of tax revenue.