The value of the rupiah

The value of the rupiah

As Indonesia continues to adopt a free foreign exchange system in which the rupiah is traded abroad, the inescapable consequence is that the value of our national currency will always be influenced by prevailing market sentiment. Market sentiment, in turn, is determined to a large extent by the government's part in the process of sentiment formation.

Thus, the government should always strive to send out signals that are positive and acceptable to market players if we want the value of the rupiah to be stable. These should include information about the scenario that is being worked out regarding the question of our national leadership, what our concept of good and clean governance is and how we are to go about establishing a consistent law enforcement system that can guarantee that appropriate legal measures will be taken against offenders, without regard to person.

-- Bisnis Indonesia, Jakarta