Indonesian Rupiah (IDR) and US Dollar (USD)
The more unstable a country is, the more its currency will depreciate. And Indonesia seems to be feeling the exact impact on its currency, the Indonesian Rupiah (IDR).
The rupiah fell 1 percent to 10,230/U.S. dollar immediately after the bomb blast at two Jakarta hotels which killed 9 people. It is really a regretful incident as the Indonesia has just went through an election that resounding gives President Susilo Bambang Yudhoyono a strong mandate, with hopes that this will quicken reforms in Southeast Asia’s largest economy and stabilising the Indonesian Rupiah.
Since the last incident in Bali, Indonesia has not seen a major bomb blast for several years. Indonesians are better prepared this time round, with a faster reaction in terms of media handling, treating of the injured and the moving on factor – people adopting their daily routine as usual (more…)
