Indonesian currency depreciation sparked by investors' concerns over U.S. economy: FinMin
Source: Xinhua   2016-11-11 19:38:47

JAKARTA, Nov. 11 (Xinhua) -- Current plunging of the Indonesian currency rupiah against the U.S. dollar was caused by concerns among foreign investors over U.S. economic prospect, according to Indonesian Finance Minister Sri Mulyani on Friday.

"Recently, fluctuation in our financial markets has been very much affected by regional and global sentiments, such as ... developing situation in U.S.," the minister said here.

Value of rupiah plunged by almost 1.8 percent overnight to 13,417 per dollar on Friday from 13,184 on Thursday.

In response to such a development, the minister said that the government would continue enhancing the efforts to strengthen the nation's economic fundamentals so as to gain more trust from international investors.

The minister was confident that the national currency depreciation was only temporary.

Editor: xuxin
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Indonesian currency depreciation sparked by investors' concerns over U.S. economy: FinMin

Source: Xinhua 2016-11-11 19:38:47
[Editor: huaxia]

JAKARTA, Nov. 11 (Xinhua) -- Current plunging of the Indonesian currency rupiah against the U.S. dollar was caused by concerns among foreign investors over U.S. economic prospect, according to Indonesian Finance Minister Sri Mulyani on Friday.

"Recently, fluctuation in our financial markets has been very much affected by regional and global sentiments, such as ... developing situation in U.S.," the minister said here.

Value of rupiah plunged by almost 1.8 percent overnight to 13,417 per dollar on Friday from 13,184 on Thursday.

In response to such a development, the minister said that the government would continue enhancing the efforts to strengthen the nation's economic fundamentals so as to gain more trust from international investors.

The minister was confident that the national currency depreciation was only temporary.

[Editor: huaxia]
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