# Indonesia Just Raised the Stakes for Rupiah Traders

> Finance Minister Sri Mulyani Indrawati said the rupiah could slide to 20,000 per dollar if the economy contracts sharply under the pandemic. That would be more than 15% weaker than the all-time low of 16,950 set during the Asian financial crisis.

- Date: 2020-04-01 · published 2020-04-01T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/53941-indonesia-just-raised-the-stakes-for-rupiah-traders
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A severe rupiah depreciation would raise the local cost of imported feed ingredients and fuel inflation in Indonesia. The warning signals downside risk to the currency that feed importers need to hedge.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-04-01/rupiah-traders-set-to-pounce-after-indonesia-floats-20-000-level

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.