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Yuan Devaluation Kicks Rupiah When It’s Down
Keywords:
The steep decline in the value of the Indonesian currency, the Rupiah, to 13.71 to the U.S. dollar in August 2015
08/14/2015
The government's effort to manage the decline includes increasing tariffs on many imported items, and requiring local companies to make their transactions with each other in rupiah instead of dollars. By August 2015 the Rupiah had experienced a decline of 10% for the year.
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Yuan Devaluation Kicks Rupiah When It’s Down
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