The Indonesian rupiah ‌slid to another record low on Monday despite interventions by the central bank, as stocks slumped and global oil prices surged to two-week highs, though President Prabowo ...

By Gayatri Suroyo JAKARTA, May 18 (Reuters) - The Indonesian rupiah slid to a fresh record low on Monday as stocks slumped ...

Bank Indonesia recorded a 309 percent annual surge in local currency transactions (LCT), reaching US$22.61 billion by April ...

Indonesia’s economy is under intense pressure right now as violent protests, a falling currency, and political tension hammer confidence in what Wall Street considers Southeast Asia’s most stable ...

JAKARTA: The Indonesian government has urged industrial players to expand the use of local currency transactions for raw ...

Cash transactions without supporting documents will be cut to US$25,000 from US$50,000 to support the local currency.

Despite what the alarming drop in the value of its currency might suggest, Indonesia is not on the brink of an economic crisis. The Indonesian rupiah is currently trading at around 17,400 to one U.S.

Indonesia hasn't commanded the global economic spotlight in decades. The collapse of its currency is changing that—placing ...

JAKARTA, Dec 19 (Reuters) - Indonesia's central bank governor said on Monday the bank is seeking to slash three zeroes off the face value of rupiah notes in a move to simplify it currency system. Bank ...