JAKARTA - Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the pressure on the rupiah exchange rate is currently influenced by the increasing global uncertainty which also weakens the currency in the region.
Based on Bloomberg data as of 12.08 WIB, the rupiah in the spot market was recorded as weakening by around 0.68 percent to the level of Rp17,298 per US dollar.
Airlangga emphasized that the movement of the rupiah is still in the same trend as other regional currencies which also experience volatility due to global dynamics.
"Yes, we just monitor it, because various currencies in the region are also volatile. Yes, it's seeing the turmoil, global turmoil as well. So yes, we just monitor it," he told the media, Thursday, April 23.
He explained that exchange rate fluctuations were more triggered by global turmoil, so it needed to be continuously monitored.
The government, said Airlangga, continues to monitor the development without being reactive to daily movements.
"We just monitor it because we can't be reactive every day," he said.
Airlangga also emphasized that in maintaining the stability of the rupiah exchange rate, the main role lies with Bank Indonesia as the monetary authority.
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