Tag:

rupiah

US Dollar ranging from IDR 16,000

by Chief editor of world-today-news.com August 8, 2024

written by Chief editor of world-today-news.com

Jakarta –

The exchange rate of the US dollar against the rupiah weakened this morning. Uncle Sam currency fell 31 points (0.19%) to IDR 15,999.

Referring to RTI data, on Thursday (8/8/2024), the US dollar was the highest at IDR 16,030 and the lowest was IDR 15,999. The US dollar has weakened against the rupiah every day for the past three months.

Movements in the exchange rate of the US dollar against other Asian currencies were also slow. Uncle Sam’s currency depreciated sharply against the Chinese Yuan and the Singapore dollar.

SEVENTEEN

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The exchange rate of the US dollar against the Chinese Yuan fell 0.01% to 7.1. In addition, the movement of the exchange rate of the US dollar against the Japanese yen weakened by 0.25% to 145.

Finally, the exchange rate of the US dollar against the Singapore dollar fell by 0.03% to 1.3.

(are/are)

2024-08-08 02:16:34
#Dollar #ranging #IDR

August 8, 2024 0 comments

Business

Manufactured from gold and the rarest, this can be a particular coin of IDR 850 Thousand!

by Chief editor of world-today-news.com July 7, 2024

written by Chief editor of world-today-news.com

Jakarta –

Financial institution Indonesia (BI) has issued a particular foreign money. Probably the most fashionable cash is the IDR 850,000 kind.

“Have you ever ever heard of the coin Rp. 850,000? Financial institution Indonesia issued this coin to commemorate the fiftieth Anniversary of Indonesia’s Independence. Adorned with a wonderful design and deep historic worth, this coin is without doubt one of the very uncommon and invaluable collections for individuals who are into numerology. ,” learn the assertion on Perum Peruri’s Instagram account as introduced on Sunday (7/7/2024).

Taken from a BI sheet, the silver is comprised of 23 carat gold steel. This coin weighs 50 grams.

The coin has a diameter of 35 mm Rp. 850,000 this, thickness of two.78 mm with proof printing method.

The obverse picture on the Rp 850,000 coin is the nationwide image of the Garuda chicken. Then, 50 stars encompass the principle picture.

On the duvet picture is the textual content Financial institution Indonesia, the quantity 1995 which is the 12 months of subject and the nominal textual content 850000 rupiah.

On the again of the coin is a portrait of President Soeharto. Then there are additionally 50 stars surrounding the principle picture and textual content of fifty years of independence of the Republic of Indonesia.

(acd/das)

2024-07-07 10:00:39
#gold #rarest #particular #coin #IDR #Thousand

July 7, 2024 0 comments

Business

US Greenback Bends Rupiah, BI Boss Speaks Out

by Chief editor of world-today-news.com June 14, 2024

written by Chief editor of world-today-news.com

Jakarta –

The US greenback has strengthened at the moment. The Rupiah is underneath stress. Cited from RTI knowledge, on Friday (14/6/2024) the US greenback was at a excessive of IDR 16,374 and a low of IDR 16,347.

Responding to this, Financial institution Indonesia (BI) Governor Perry Warjiyo defined that the rupiah change price towards the US greenback had a decrease depreciation in comparison with different nations.

“Rupiah (rupiah change price towards the US greenback) IDR 16,300, please take a look at it from the top of final 12 months and please examine it with different nations, it’s a lot decrease in comparison with Korea South, examine it with the Philippine Peso, Thai Baht. , Japanese Yen Our depreciation is low,” he stated on the Presidential Palace Middle, Central Jakarta, Friday (14/6/2024).

Perry defined that the rupiah is at present top-of-the-line currencies on the earth. In response to him, the rupiah is a steady forex as a result of the central financial institution continues to take measures to stabilize the change price till interventions, eradicating international deposits into the nation and deducting international change earnings from exports (DHE) from pure sources (SDA). nicely

From the RTI knowledge, the motion of the US greenback towards different Asian currencies strengthened sharply. Uncle Sam forex pushes the Chinese language yuan to the Singapore greenback.

The transfer of the US greenback towards the Chinese language Yuan rose 0.04% to 7.2. The change price of the US greenback towards the Japanese yen additionally elevated by 0.41% to 157.

Lastly, the motion of the US greenback towards the Singapore greenback strengthened 0.05% to 1.3.

Watch video: US greenback close to IDR 16,300, Jokowi: All nations are underneath stress!

(clay/clay)

2024-06-14 04:04:06
#Greenback #Bends #Rupiah #Boss #Speaks

June 14, 2024 0 comments

Business

Rupiah Exchange Rate Strong Potential to Strengthen Against US Dollar: Live Timeline and Expert Analysis

by Chief editor of world-today-news.com January 22, 2024

written by Chief editor of world-today-news.com

Live Timeline

12:02 WIB

10:28 WIB

09:05 WIB

Bisnis.comJAKARTA — Rupiah exchange rate has the potential to strengthen against the United States (US) dollar in trading early next week, Monday (22/1/2024), due to the potential for the Fed to cut interest rates in the future.

On Friday (19/1/2024) the rupiah closed up 0.05% or 8.5 points to a level of IDR 15,615 per US dollar. On the other hand, the US dollar index was observed to weaken 0.15% to Rp. 103.38.

Financial Market Observer Ariston Tjendra said there are several catalysts that could encourage the rupiah to strengthen next week, namely a series of releases US economic data.

“The Rupiah has the opportunity to strengthen and trade below IDR 15,600 against the US dollar this week,” said Ariston to Business Saturday (20/1/2024).

According to him, the strengthening of the rupiah might occur if the US economic data released Thursday (25/1/2024), namely US gross domestic product (GDP) data for the fourth quarter of 2023, is below the estimate of 1.8%.

As previously, US GDP increased 4.9% in the third quarter of 2023 compared to the same period the previous year (year-on-year/yoy).

Apart from the release of US GDP data for the fourth quarter of 2023, investors’ attention next week will also be focused on the release of the US personal shopping price index (PCE), on Friday (26/1/2024).

According to him, the weakening US economy will confirm cuts interest rate US benchmark by the Fed this year, which could encourage the weakening of the US dollar.

As for The Fed still holding interest rates or the Fed Funds Rate (FFR) in the range of 5.25%-5.5% at the FOMC in December 2023. The Fed is projected to cut interest rates at least three times this year.

Apart from that, Ariston said market players are also still wary of the increasingly heated tension situation in the Middle East which could trigger another shift to safe assets (safe haven) like gold and encourage the strengthening of the US dollar.

“Another issue that could give negative sentiment to the rupiah is the issue of the global economic slowdown. High inflation conditions, geopolitical conflicts that disrupt supply, etc. are market concerns that will slow down the economy,” he concluded.

As a result, with this series of sentiments, Ariston projects the movement of the rupiah exchange rate against the US dollar in the range of IDR 15,500 to IDR 15,650 this week.

Separately, Forexindo Berjangka Profit Director Ibrahim Assuaibi said strong retail sales data and a series of hawkish comments from Fed officials this week fueled increasing doubts that the Fed would start lowering interest rates in March 2024.

He said the US Department of Labor reported initial claims for state unemployment benefits fell by 16,000 to a seasonally adjusted 187,000 for the week ending January 13, 2024, and was the lowest level since September 2022.

“Market players are seen reducing bets on the Fed cutting interest rates with a 51.9% chance of cutting interest rates in March 2024, down sharply from the 68.3% seen last week,” Ibrahim said in research Friday, (19 /1/2024).

From domestic sentiment, government debt until December 31 2023 closed at IDR 8,144.69 trillion. This amount increased by IDR 103.68 trillion compared to the previous month which was IDR 8,041.01 trillion.

The increase in debt brings the government debt ratio at the end of 2023 to 38.59% of gross domestic product (GDP), up from the previous month’s level of 38.11% but down compared to the end of 2021 and 2022.

In detail, the amount of government debt in the form of SBN is IDR 7,180.71 trillion. Consisting of domestic SBN amounting to IDR 5,808.13 trillion, originating from Government Debt Securities (SUN) IDR 4,700.60 trillion and State Sharia Securities (SBSN) amounting to IDR 1,107.53 trillion.

“For trading next Monday, the rupiah currency is predicted to fluctuate but will close slightly higher in the range of IDR 15,590 – IDR 15,650,” explained Ibrahim.

Check out the movement of the rupiah exchange rate against the US dollar today live.

12:02 WIB

Rupiah is under pressure

The Rupiah fell 13.5 points or 0.09% to IDR 15,628.5 per US dollar as of 12.00 WIB.

The US dollar index corrected 0.10% to 103.185.

10:28 WIB

Rupiah weakens

The Rupiah weakened 10 points or 0.06% to IDR 15,625 per US dollar as of 10.25 WIB.

The US dollar index fell 0.13% to 103.156.

09:05 WIB

The rupiah is stagnant, the US dollar is sluggish

The rupiah opened stagnant at IDR 15,615 per US dollar.

The US dollar index weakened 0.13% to 103.152.

2024-01-22 05:11:19
#Rupiah #Exchange #Rate #Dollar #Today #Monday

January 22, 2024 0 comments

Business

Rare Gold Rupiah Coins Issued by Bank Indonesia: Complete List and Value

by Chief editor of world-today-news.com December 30, 2023

written by Chief editor of world-today-news.com

Jakarta –

Most of the rupiah coins circulating in Indonesia have small denominations and are made from aluminum, nickel and brass. Currently, most of the coins in circulation only have a nominal value of IDR 100, IDR 200, IDR 500, and a maximum of IDR 1,000.

But did you know, Bank Indonesia once issued large denomination rupiah coins printed with gold content in them. These coins were usually issued for special editions and most of them are no longer valid.

Even though currently most of them cannot be used for transactions, this rupiah coin has its own value, especially for collectors. Moreover, because this coin contains gold, it certainly adds to the existing selling value.

So, what rupiah coins made from gold have ever been minted? Quoting from the official Bank Indonesia website, Saturday (30/12/2023), here is a list of rupiah coins that contain gold:

1. IDR 100,000 Coin Komodo Image Nature Reserve Series

This coin was issued in 1974. The front of this coin has a picture of the Garuda bird with the text Bank Indonesia, while the back has a picture of a Komodo dragon. This coin is made from 900/1000 grade gold and weighs 33.437 grams.

Metal rupiah money is usually made from brass, aluminum to silver. But Bank Indonesia also has rupiah coins made from gold. Photo: Doc. Bank Indonesia

2. IDR 150,000 UNICEF Series Coin

In order to celebrate the 50th anniversary of UNICEF (United Nations Children’s Fund), Bank Indonesia issued coins worth IDR 150,000. This coin was issued in 1987 made of 0.999 gold with a weight of 6.22 grams and a diameter of 22 mm.

3. IDR 200,000 Coin Nature Reserve Series Rhinoceros Image

This coin was issued in 1987. The front of this coin depicts the Garuda bird with the text Bank Indonesia, while the reverse depicts the One-horned Javan Rhinoceros. This coin is made from gold grade 917/1000 and weighs 10 grams.

4. Rp. 300,000 coin commemorating the 50th Indonesian independence series

This Rp. 300,000 coin was made to commemorate the 50th independence of the Republic of Indonesia. The front of this coin has a picture of the Garuda bird circled by 50 stars and the text Bank Indonesia, while the back has a picture of President Soeharto talking to the public.

This coin is made from 23 carat gold with a weight of 17 grams, a diameter of 25 mm and a thickness of 1.85 mm.

Metal rupiah money is usually made from brass, aluminum to silver. But Bank Indonesia also has rupiah coins made from gold. Photo: Doc. Bank Indonesia

5. IDR 500,000 coin, Bung Karno 100th Anniversary Series

This coin was issued in 2001 to commemorate the 100th anniversary of President Soekarno. The front of this coin is decorated with an image of the Garuda bird with the text Bank Indonesia and the logo of the Bung Karno 100th anniversary committee. Meanwhile, on the front there is a picture of President Soekarno with the text “100 Years of Bung Karno (1901-2001)”.

This coin is made from 0.999 grade gold, has a diameter of 28.2 mm and weighs 15 grams. The nominal value stated on this coin is IDR 500,000.

6. IDR 850,000 coin series commemorating the 50th Indonesian independence

The IDR 850,000 coin was issued by BI to commemorate the 50th independence of the Republic of Indonesia. The front of this coin has a picture of the Garuda bird circled by 50 stars and the text Bank Indonesia, while the back has a picture of President Soeharto.

This coin was minted in 23 carat gold with a weight of 50 grams, a diameter of 35 mm and a thickness of 2.78 mm.

(fdl/fdl)

2023-12-29 23:30:23
#Rare #Rupiah #Coins #Real #Gold

December 30, 2023 0 comments

Business

Bank Indonesia Focuses on Maintaining Rupiah Stability Amid Global Uncertainty

by Chief editor of world-today-news.com November 13, 2023

written by Chief editor of world-today-news.com

Raja Ampat, CNBC Indonesia – Bank Indonesia (BI) has been more focused on maintaining rupiah stability in recent times. This is because the movement of the rupiah is in a weakening trend due to uncertainty originating from global sources, especially the United States (US).

“It is important to continue to maintain the Rupiah so that it does not have an impact on society,” said Erwindo Kolopaking, Director of the Economic and Monetary Policy Department (DKEM) of Bank Indonesia during a media talk in Raja Ampat, at the end of last week.

According to his notes, the rupiah almost touched the level of Rp. 16,000, although it has now strengthened to the level of Rp. 15,600. Since the end of last year (year to date) the rupiah has weakened 0.52%, more than in many comparable countries.

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The biggest culprit behind the weakening of the rupiah is the US. High inflation is expected to mean that the US will continue to raise its benchmark interest rate from the current position of 5.25-5.50% or 525 bps since March 2020.

On the other hand, there was an increase in US bonds or US Treasury to the level of 5%. Every movement in this data and the policies of the Central Bank of the Federal Reserve (The Fed) cause shocks, especially in the financial markets.

Erwin explained that when the rupiah weakens too deeply, the effect will be felt on the prices of goods, especially imported goods.

“Indonesia’s imports are very high. If the rupiah weakens for 1-2 months, entrepreneurs will abstain, but if it continues to be high it will affect prices,” he said.

This then becomes the cause of inflation or what is known as imported inflation. High inflation will drain people’s purchasing power.

Photo: Bank Indonesia
Bank Indonesia claims that the movement of the rupiah this year has been better than emerging peers.

Bank Indonesia (BI) has issued various policies to maintain rupiah stability. One of them is raising the benchmark interest rate or BI 7 days reverse repo rate to 6% in September 2023.

“This is expected to attract inflow,” said Erwin. Apart from also issuing new instruments such as Bank Indonesia Rupiah Securities (SRBI) in September and Bank Indonesia Foreign Currency Securities (SVBI) and Bank Indonesia Foreign Currency Sukuk (SUVBI) in November 2023.

“BI is not silent, it is always innovating to come up with new instruments that can make us more agile in dealing with the underpressure conditions,” said Ramdan Denny Prakoso, Director of the Monetary Management Department (DPM) of Bank Indonesia on the same occasion.

BI, continued Ramdan, will maintain the rupiah exchange rate in accordance with fundamentals. BI is always on the market directly monitoring and intervening in the spot, DNDF and government bond markets so that rupiah volatility is maintained.

“We want to avoid weakening too quickly resulting in panic conditions in the money market,” he said.

[Gambas:Video CNBC]

Appearance of Containers and Cardboards Containing 10 M of New Money

(haa/haa)

2023-11-13 00:15:42
#Whats #downside #Rupiah #continuing #weaken #BIs #explanation

November 13, 2023 0 comments

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