Indonesia's Rupiah Gains After Central Bank Intervenes

The video discusses the initial stance of the central bank not to intervene in the currency market, followed by the Indonesian government's and Bank Indonesia's efforts to stabilize the weakening rupiah. It highlights the financial measures taken, including debt purchases and the use of foreign exchange reserves. The video concludes with market reactions and the government's future economic strategies to maintain a competitive rupiah level.

What was the initial stance of the central bank regarding the weakening rupiah?

• They sought international assistance.

• They planned to intervene immediately.

• They decided not to get involved initially.

• They increased interest rates.

How did Bank Indonesia attempt to stabilize the rupiah?

• By reducing taxes.

• By buying debt.

• By purchasing foreign currency.

• By increasing interest rates.

What role did foreign exchange reserves play in stabilizing the rupiah?

• They served as a buffer to support the currency.

• They were used to fund government projects.

• They were invested in foreign markets.

• They were used to pay off international debt.

What is the government's strategy to strengthen Indonesia's economy?

• Relying on foreign investments.

• Focusing solely on domestic consumption.

• Boosting exports and reducing imports.

• Increasing imports and reducing exports.

What is the expected timeline for the rupiah's volatility to subside?

• Within the next six months.

• By the end of the current year.

• By the end of the next fiscal quarter.

• In January of next year.