Indonesia president says boosting investments, exports would support rupiah

September 5, 2018

JAKARTA (Reuters) – Indonesian President Joko Widodo said on Wednesday that multiple external factors were behind a depreciation in the rupiah currency and the priority was to increase investment and exports to contain the country’s current account deficit.

“There are only two key (things) – investments must continue to increase and exports must also increase so (we) can resolve the current account deficit,” the president told reporters during a visit to Jakarta’s port, in comments posted on the cabinet secretary’s web page.

The president made the comments as the rupiah was trading at 14,925 against the dollar at 0317 GMT, at the lowest level since 1998 after losing around 9 percent so far this year.

(Reporting by Tabita Diela; Editing by Ed Davies & Shri Navaratnam)

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September 05, 2018 at 09:10AM
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