Weak currency: A Balinese man makes a Hindu offering outside a shop which offers currency exchange services in Kuta. The rupiah weakened past 15,000 per US dollar for the first time in 20 years as sentiment toward emerging-nation assets soured and oil prices jumped. — Reuters
JAKARTA: The rupiah’s slump is hitting one of Indonesia’s most popular snacks as it drives up the cost of importing soybeans.
The rupiah’s 10% drop this year to the lowest in two decades makes it the second-worst performing currency in Asia and is raising the cost of making tempeh, a fermented soybean product that’s a cheap source of protein.
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