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TEMPO.CO, Jakarta - Senior Deputy Governor of Bank Indonesia (BI), Destry Damayanti, said Indonesia must be wary of the strengthening US dollar against other currencies, including the rupiah or what is known as DXY (US Dollar Index)."DXY continues to strengthen and on the other hand causes the Asian currencies, including the rupiah, to experience pressure. This is happening in almost all world currencies amidst the high for longer interest rates,” she said during her presentation while taking the fit and proper test as the candidate for Senior Deputy Governor of BI...

TEMPO.CO, Jakarta - Currencies reflect the stability of a country's economy and the attractiveness of its international markets. However, some are compelled to hold weak values due to volatile economic conditions.The high or low valuation of a currency is determined by its exchange rate against the global benchmark, the US dollar, which is the most highly valued and widely traded currency worldwide. Numerous factors, such as inflation, political stability, and dependence on certain economic sectors, influence currency exchange rates in each country.Therefore, countries with the weakest currencies are a major...