VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

photo : bankindonesia 

Bank Indonesia (BI) Governor Perry Warjiyo is buoyant about the rupiah strengthening, as the exchange rate traded on Friday afternoon went below Rp14,000 per US dollar, amid the COVID-19 pandemic. He noted in an online press statement as quoted by Antara on Friday, that the rupiah continues to show signs of strengthening in line with our view that the exchange rate for today is still undervalued, so that in future, it still has the potential to strengthen. Until Friday afternoon, the rupiah traded at Rp13,855 against the US dollar and reached Rp13,960 per US dollar. The BI governor highlighted several factors driving the rupiah to strengthen, including inflation and a low current account deficit, differences in domestic and foreign interest rates, and decreased risk premiums. Warjiyo expounded that based on the Central Statistics Agency (BPS) data in May 2020, the inflation rate was low, reaching 2.19 percent from that of last year//ANT