JAKARTA. Bank Indonesia (BI) expects the effect of Britain’s exit (Brexit) from the European Union on global financial markets, including the impact on the rupiah, to be temporary. Around midday on Friday, the Indonesian currency was down more than 1% against the US dollar, falling below the psychologically significant level of Rp 13.400. "We perceive it as reasonable, because there is a flight to quality (of assets). But in general, Indonesia's economy is in a good shape, thus we view this as a temporary thing only," BI governor Agus Martowardojo said in Jakarta on Friday.
Brexit effect on rupiah only temporary: BI
JAKARTA. Bank Indonesia (BI) expects the effect of Britain’s exit (Brexit) from the European Union on global financial markets, including the impact on the rupiah, to be temporary. Around midday on Friday, the Indonesian currency was down more than 1% against the US dollar, falling below the psychologically significant level of Rp 13.400. "We perceive it as reasonable, because there is a flight to quality (of assets). But in general, Indonesia's economy is in a good shape, thus we view this as a temporary thing only," BI governor Agus Martowardojo said in Jakarta on Friday.