Dasco: Rupiah Strengthening Reflects Market Confidence; Urges Public to Sell Dollars

Indonesian Vice Speaker of Parliament Sufmi Dasco Ahmad sees the strengthening rupiah and rising stock index as clear indicators of increased market confidence in the government's economic management. He believes the administration's various measures are yielding positive results for the national economy.

"I think confidence in the government is growing stronger, which influences the market and the strengthening of the rupiah's exchange rate. I believe the government's work will continue," Dasco stated on Thursday. He added that the government is committed to maintaining economic stability and reinforcing market fundamentals.

Dasco revealed he has received information about specific strategies the government plans to implement soon, which are expected to further bolster the rupiah. "I also received information from the government that this week and in the future, there will be special strategies implemented that, based on the information I've received, will make the rupiah's exchange rate strengthen further," he said.

Given this outlook, Dasco advised individuals holding dollars in anticipation of currency gains to reconsider their position. "Perhaps for all of you who are currently holding dollars hoping for profit, it's best to sell your dollars. Because if the rupiah strengthens next week, it will certainly be detrimental if you continue to hold dollars. That's my advice," he urged.