Indonesia’s rupiah rout is not just about the dollar

The wave of currency depreciation that battered Indonesia’s foreign exchange market throughout April and May 2026 has pushed the rupiah to record lows, dangerously close to a new psychological threshold of 18,000 against the US dollar. When the currency broke past 17,000 in early April, it stoked painful public memories of the 1997–1998 Asian financial
The post Indonesia’s rupiah rout is not just about the dollar appeared first on Asia Times.Asia TimesRead More