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


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.