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IDR :USD (Jakarta)


Bank Indonesia (BI) predicts that the drastic jump in the foreign debt value of a number of publicly listed companies will lead to the rupiah exchange rate weakening to Rp 16,000 per US dollar.. . The prediction was revealed in a study commissioned by the central bank on companies’ resilience against the weakening of the rupiah exchange rate.. . “The result of a stress test of corporate resilience against the weakening exchange rate show that six out of 53 public corporations that have foreign debts…have the potential to be insolvent or have foreign liabilities that exceed their assets,” BI said in its latest Financial Stability Review published on Dec.10 as quoted by tempo.

Sad :(