Friday, May 31, 2024 | 04:35 WIB

Rupiah breaches Rp16,000 per US dollar

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Jakarta, IO – Staff at PT Valuta Artha Mas money changer are serving customers who wish to exchange their money at one of its outlets in Jakarta (17/4). In the last few days, Rupiah has depreciated to Rp16,250 per US dollar following the trend of stronger dollar during the Eid holiday.

Read: Marco Simic Key To Persija’s Victory Over Persis Solo

PT Laba Forexindo Berjangka director Ibrahim Assuaibi attributed this to several factors, including the escalation of conflicts in the Middle East after Iran attacked Israel on April 13, which has caused investors to seek safe haven assets such as gold and the greenback and avoid putting their money on riskier financial assets in developing countries.

(IO/Faisal Ramadhan)

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