Indonesia’s currency is suffering, but that’s about to end, trade minister says

CNBC/Yen Nee Lee/8-29-2018

“The Indonesian rupiah should stabilize from here on out, the country’s trade minister, Enggartiasto Lukita, told CNBC. The rupiah is one of the worst-performing Asian currencies this year as investors flee emerging markets with current account and fiscal deficits. “

USAGOLD note:  A familiar refrain. . .and of the kind that these days inspires a reaction opposite of what is intended.

 


Image by By Government of Indonesia; Evanc0912 [CC0], via Wikimedia Commons

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