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๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia /Economy & Trade

Dasco urges public to ditch US dollars to protect the rupiah exchange rate

From Tempo · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

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  • Dasco Bagindo, a member of the Indonesian House of Representatives, urged the public to stop using the US dollar to help maintain the rupiah's exchange rate.
  • Dasco claimed that public trust in the government is strengthening, suggesting this could support the rupiah.
  • His call aims to bolster the national currency by encouraging domestic economic activity and reducing reliance on foreign currency.

Dasco Bagindo, a prominent member of Indonesia's House of Representatives, has called on the public to cease using the US dollar and instead rely on the rupiah. This appeal is intended to support and maintain the stability of Indonesia's national currency. Bagindo expressed confidence that growing public trust in the government could further bolster the rupiah's value. He suggested that a stronger belief in the nation's leadership and economic management would encourage citizens to prioritize the domestic currency. The call to abandon the dollar reflects a desire to strengthen Indonesia's economic sovereignty and reduce vulnerability to external financial fluctuations. By encouraging the use of the rupiah, the government aims to foster greater domestic economic activity and ensure that the national currency remains the primary medium of exchange within the country. This initiative underscores the ongoing efforts to manage and improve Indonesia's economic standing on the global stage.

Trust in the government is increasingly strengthening.

โ€” Dasco BagindoDasco Bagindo stated his belief in the government's growing credibility as a factor supporting the rupiah.
DistantNews Editorial

Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.