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.