Charting out the rupiah’s exchange rate


Indonesia’s economic strategy must aim for a resounding climax that stabilises and empowers the rupiah. — The Jakarta Post

THE recent fluctuations of the rupiah against the US dollar can be likened to an intricate opera, reminiscent of Richard Wagner’s renowned works that blend poetry, visual art, music and melancholic drama into a beautiful symphony.

Just as Wagner revolutionised opera with his genius for integrating diverse elements, Indonesia’s economic strategy, specifically in its handling of the currency, requires a similarly harmonious approach.

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