Video: Rupiah Continues to Plummet, Breaking Rp 17,650/USD; What Should Prabowo Do?

Pressure on the Rupiah exchange rate continued during trading on Monday, with the Indonesian currency weakening to the level of Rp 17,650 per US Dollar. Elvan Chandra Widyatama, FX Analyst at CNBC Indonesia Research, revealed several factors causing the Rupiah’s depreciation, including global sentiment regarding the Middle East war, which has bolstered the US Dollar index as a safe haven for investors; consequently, further Rupiah weakness remains a potential risk. Domestically, market concerns regarding fiscal management have also contributed to the negative sentiment weighing on the exchange rate.