Jakarta, CNBC Indonesia – The relationship between Indonesia and China is getting more intimate, they are both willing to leave the United States (US) dollar in trading activities to investment or known as Local Currency Settlement (LCS). “Currency exchange helps facilitate bilateral trade and investment in the midst of the global financial crisis,” said Central … Read more
Jakarta, CNBC Indonesia – On Friday (31/12), Turkish President Tayyip Erdogan said that his people should save all their savings in the lira. This is because the volatility of the lira exchange rate has recently begun to return to control after the currency weakened sharply in the last two months against the US dollar. “I … Read more
Jakarta, CNBC Indonesia – The strong pace of the Turkish lira against the United States (US) dollar throughout last week ended this week. In the last two days, the lira has fallen by almost 10%. The “incantations” issued by the Turkish President, Recep Tayyip Erdogan, on Monday (20/12) last week began to fade, sending the … Read more
Jakarta, CNBC Indonesia – Turkish President, Recep Tayyip Erdogan, “said” earlier this week that the lira has skyrocketed nearly 30% in the last two days. The unusual policy of the Turkish Central Bank (TCMB) has caused the lira to fall almost 55% so far this year until last Friday. This week the lira finally ‘rises … Read more
Jakarta, CNBC Indonesia – The Turkish lira (TRY) exchange rate has fallen 55% against the United States (US) dollar so far this year until last Friday. The lira became the worst currency in the world, as well as making Turkey experience another currency crisis. Last Monday, the lira slumped even further until it broke TRY … Read more
Jakarta, CNBC Indonesia – Turkish President Recep Tayyip Erdogan, again battered his currency. On Friday last Friday, the value of the Turkish lira, weakened eight percent to touch the figure of 17.0705 per US dollar which is a record low in history. This is a result of President Erdoan’s unusual plan to cut bank interest … Read more
Jakarta, CNBC Indonesia – The rupiah yesterday managed to strengthen sharply against the United States (US) dollar as well as stop the poor performance for 12 days. It didn’t stop there, the rupiah shot up again in early trading on Wednesday (8/12). According to Refinitiv data, as soon as trading was opened, the rupiah immediately … Read more