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Rupiah has gained some of the losses

As unstable as a nation is and the more unstable its currency will appreciate. And Indonesia appears to be experiencing the impact of this on its currency, which is the indian Rupiah (IDR).

The rupiah sank one percent, to 10,230/U.S.¬†dollar shortly after the attack in two Jakarta hotels that killed 9 people.¬†It’s a sad event considering that Indonesia is currently undergoing an election that was overwhelmingly positive, giving the president Susilo Bambang Yudhoyono a strong mandate. Rupiah138 There is a hope that the reforms will be speedier in the largest economy of Southeast Asia and stabilize the Indonesian Rupiah.

After after the Bali tragedy, Indonesia has not seen an explosion of this magnitude for many years. In comparison to the previous incident in Bali in 2004, the Indonesian population is more prepared this time around and have a quicker response to media coverage and treatment of wounded and the factor of moving on and people embracing their normal routines as normal.

So, even though the blast is an immediate slash on the Indonesian Rupiah however, Indonesia’s economic fundamentals remain solid. In contrast to Singapore that has experienced an increase in growth, Indonesia is still able to expand its economy at approximately 3.5 percent despite the financial and economic crisis , and this trend could continue.

So, the Indonesian Rupiah (IDR) is likely to strengthen and stabilize over the long run in comparison to the US Dollar (USD). After the tragic bomb explosion in Jakarta in the year 2000, the Rupiah has gained some of the losses. At present the one U.S. dollar compares to 10101 Indonesian Rupiahs. Indonesians are hopeful they can see that Indonesian Rupiah (IDR) will be traded lower than 10,000 levels. It could happen soon in the event that another explosion happens.

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