The museum shows the history of the Rupiah. Interesting to note that back in the 1940s, the Rupiah was worth 2:1 to the US dollar. After the Rupiah plummeted to 16,000 in 1998, is it a wonder that Indonesian corporate have become so focused on de-gearing their balance sheet? Today Indonesia’s debt/GDP is 25% and President SBY is still calling to take that debt further down. Bank Indonesia has said that it will allow more appreciation of the IDR. Takes off a lot inflationary pressures heading towards the seasonal-high Ramadhan (June inflation numbers expected to pick up slightly - will be announced this Friday) and good for Indonesia’s highly dollarized economy. Remain OWT domestic names.
saham.ws
