Indonesian Political, Business & Finance News

People swarm money changers

| Source: JP

People swarm money changers

BANDUNG: The weakening rupiah, which fell to over Rp 11,000
against the U.S. dollar on Monday, resulted in a rush on money
changers as people exchanged their dollars.

Even before these businesses opened at 9 a.m., hundreds of
people were already standing in lines outside many of the town's
money changers, including Golden Money Changer on Jl. Otto
Iskandar Dinata.

The crowds peaked at about noon when the rupiah reached the
11,000 level against the dollar. Those lining up at the money
changers were not only from Bandung, but also from the nearby
towns of Subang and Sumedang.

The large crowds moved the owner of the Golden Money Changer
to ask the police to provide security.

Not everyone wanted dollars, with many of those waiting in
line seeking to buy dollars.

Edi, a 59 year old from Sumedang, said he needed dollars
because his child was going to study in the United States.

"Next month my child is going to the U.S. and I am afraid the
rupiah will continue to sink because the political situation is
still uncertain," he said. (25)

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