VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The weakening of the rupiah against the US dollar which has penetrated the level of Rp 14,000 per US dollar makes some people worried that the monetary crisis that occurred 20 years will reoccur. However, Head of Economics and Research Finance Corporate Services UOB Indonesia, Enrico Tanuwidjaja perceived that the public should not have to worry about it because Indonesia's economic condition is now more solid than 20 years ago. This was disclosed a discussion held by a private radio station in Jakarta recently.

“With the problem of resilience in terms of the economy, I think we are much more solid than 20 or 10 years ago. It proves that we are given a rating worthy of investment by three rating agencies. That is a real testimony. Secondly, our GDP growth is slowing down, but we must remember that our main engine that is commodity since the end of 2012 has actually gone down. So, the word term is quite normal to assume that our growth will slow down until later,” Enrico Tanuwidjaja said.

Enrico Tanuwidjaja further said that currently, Indonesia's investment spending is on the rise. So, the structure of the current economic condition of Indonesia is still quite good. Especially since 2013, Indonesia's foreign exchange reserve has continued to increase until reaching the highest point. In January 2018, the amount was $132 billion dollars. (VOI/Rezha/RHM)