Airlangga points out that no one believed that the US dollar returned to IDR 15,000

Jakarta –

Coordinating Minister of the Economy Airlangga Hartarto assessed that the strengthening position of the rupiah exchange rate against the US dollar is proof that the Indonesian economy is in a controlled state. This is in response to five consecutive months of deflation which was related to economic conditions.

Airlangga said that no one thought that the value of the rupiah against the US dollar could return to around Rp 15,000, after the Uncle Sam currency slowly countered to a record high of Rp.

“A while ago, no one believed that our dollar could reach the current level of IDR 15,300,” said Airlangga at his office, Central Jakarta, Thursday (3/10/2024).

Airlangga said that the movement of the rupiah to the level of Rp.

“Furthermore, we have just implemented foreign exchange arrangements from exporters that have proven our ability to maintain the level of dollars in the country. So, when Mr. President in 2014, we only had US$100 billion of foreign exchange reserves, but now it is US$150 billion,” said Airlangga.

At the same time, regarding the mixed stock price index (IHSG), he reminded that he was able to enter the level of 8,000. Although it is currently going down to a level of 7,543 at the end of trading.

“We saw that the Composite Stock Price Index can reach 8,000. So that proves that the economy is moving,” he stressed to Airlangga.

(help/hns)