Indonesia pushes biodiesel plan to stop currency tanking

  • Economy
  • Tuesday, 31 Jul 2018

JAKARTA: Indonesia’s president called on Tuesday for the immediate implementation of a plan to widen the use of biodiesel that his economic ministers hope will cut the country’s fuel import bill by billions of dollars and halt a decline in the rupiah currency.

Joko Widodo also sounded an alarm on the foreign exchange reserves of Southeast Asia’s largest economy, less than a week after he pleaded with exporters to bring home earnings they currently keep offshore to stem the slide in the rupiah.

Economy , Plantations , Indonesia , biodiesel , currency