Arifin was sworn in as the new Housing Agency head during a ceremony at Jakarta City Hall on Friday morning (01/07). (ID Photo/David Gita Roza)

Indonesia Cbank Says Current Rupiah Rate Competitive, Sees It Strengthening

BY :HIDAYAT SETIAJI

FEBRUARY 25, 2016

Jakarta. Indonesia's central bank said the current exchange rate of rupiah is competitive for exports and that it is likely to strengthen on capital inflows, a senior official said.

Juda Agung, Bank Indonesia's executive director of monetary and economic policy, said on Thursday (25/2) the rupiah's rate against the dollar is still slightly undervalued.

The rupiah traded at 13,418 per dollar on 11.00 A.M. on Thursday (25/2), up more than 2 percent so far this year.

Reuters

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