US Dollar almost reached IDR 14,000, debt swells. Darmin said no need to be worried

News24xx.com - The total government debt per March 2018 amounted to IDR 4,136.49 trillion, with a portion of foreign exchange (forex) of USD 109.6 billion. In that period, the dollar is calculated at IDR 13,700.

While the current US Dollar close to IDR 14,000. This is based on trading data from Reuters, April 13rd 2018, the dollar had touched the level of IDR 13,940.

Related to this, Coordinating Minister for Economic Affairs, Darmin Nasution said the weakening of the rupiah is because the external factors. One of them is due to market participants' expectations of a rise in the benchmark interest rate of the Federal Reserve (The Fed).

"No need to worry, because similar conditions about the strengthening of the USD against the exchange rate of currency experienced by several other countries" said Darwin.

"The point is that I do not think it's too much of a development, because it's not an ongoing development that there are always negative things the market can expect, so in the end I'm prone to say we do have that kind of development but dont worry too much" he said. Office of the Coordinating Ministry for Economic Affairs, Monday, April 23rd, afternoon.

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