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Gate ELSA Futures Trading Challenge is Now Live!
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join now: https://www.gate.com/campaigns/3911
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@everyone
**Purbaya Yakin Indonesia Won't Experience a Crisis Even if the Rupiah Weakens**
Indonesia's Finance Minister (Menkeu) Purbaya Yudhi Sadewa stated that the weakening of the rupiah against the US dollar, which nearly reached Rp17,000, will not trigger an economic crisis.
"No need to worry, the rupiah will not trigger an economic crisis. Far from that, the economic fundamentals are still very good, policies are already synchronized with the monetary authorities, the economy will accelerate, investors will come in, the rupiah will strengthen, and the capital market will also improve," said Purbaya at the Directorate General of Taxes office, Thursday (22/01).
Purbaya also highlighted that economic growth remains above 5%, inflation is around 3%, and the transaction deficit is still at a safe level. Moreover, Bank Indonesia (BI) continues to maintain rupiah stability.
-# Image Source: Akademi Crypto