A teller counts rupiah banknotes at a money changer in Jakarta, Indonesia. -- Photo: Reuters
JAKARTA (SCMP): Political instability in Indonesia coupled with global uncertainty over the trade war being waged by the United States contributed to Indonesia’s rupiah falling to a 27-year low, economists have said.
On Tuesday, the rupiah fell 0.54 per cent to 16,642 per US dollar in the morning trade, its deepest plunge since March 23, 2020, when it traded at 16,550 against the US dollar.
