The leakage and lies keeping Indonesia’s rupiah weak
Indonesia embodies one of the strangest paradoxes in emerging-market economics. Every time global commodity prices, from coal to crude palm oil (CPO), surge, the country posts impressive trade surpluses. Yet the glow of those export windfalls rarely translates into a stronger rupiah, which remains chronically vulnerable to depreciation pressures. Behind the headline export figures lies […] The post The leakage and lies keeping Indonesia’s rupiah weak appeared first on Asia Times.
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