Rupiah’s collapse could trigger a political crisis for Prabowo

When Indonesia’s rupiah breached the new psychological threshold of 18,155 per US dollar today (June 8), the currency’s lowest ever level, social stability alarm bells rang louder than at any time since the 1997-98 Asian financial crisis. Attempts to calm public anxiety with familiar assurances that economic fundamentals remain strong – or by attributing the […] The post Rupiah’s collapse could trigger a political crisis for Prabowo appeared first on Asia Times.