trade war, and other currency colapse
By mesbakh
@mesbakh (2284)
Indonesia
September 4, 2018 4:05pm CST
this evening, indonesian currency, rupiah colapsed to 15.000 per dollar, and its very critical situation. we had worse in 1998, and we dont more have it anymore. 3 or 4 years ago, rupiah stood in 12000 per dollar and the trend is weakening.
china-america trade war make it worse. the price of stuff is going to be higher, in case we import many things.
but it is a good news for people in indonesia who have big dollar.
v
5 people like this
4 responses
@nawala123 (20871)
• Indonesia
10 Nov 18
yes you are right, but we still have to do something
1 person likes this
@1hopefulman (45120)
• Canada
7 Sep 18
@mesbakh I think things in Venezuela have gone very bad and their currency is not worth much any more.
@mesbakh (2284)
• Indonesia
7 Sep 18
@1hopefulman million percentage of inflation
1 person likes this
@ria1606roy (2797)
• Kolkata, India
5 Sep 18
This has got both domestic and international reasons. A fall in currency does not solely happen because two other countries are having a trade war....sure it has some consequences, but mainly it depends on the said country's trade economy. In India, Rupee is falling too. It used to be 63-65 rupees per dollar, now it's 70-72, and its worsening. I definitely blame the present government in India to send it to a new low, especially with the scam they pulled with the de-monetisation stunt 2 years back. Economy is collapsing severely. The best way to tackle it is to strengthen the economy within and then look outwards for improving international trade relations.
