Coronavirus Cases Rise, Rupiah Falls to Rp 16,575/US$ (Monday, March 23)

Economics & Macro

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Dwi Hadya Jayani 23/03/2020 17:15 WIB

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The Indonesian Rupiah fell 4.08% against the US dollar, closing at Rp 16,575/US$ on Monday (March 23).

Indonesian Rupiah Exchange Rate against the US Dollar (March 16-23, 2020)

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Coronavirus Cases Rise, Rupiah Falls to Rp 16,575/US$ (Monday, March 23)

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Indonesian Rupiah Exchange Rate against the US Dollar (March 16-23, 2020)

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The Indonesian Rupiah (IDR) exchange rate against the United States dollar (USD) fell 4.08% to Rp 16,575/US$ at the close of trading on Monday (March 23rd). This decline is due to the increasing number of victims of the coronavirus (Covid-19) each day. Today, the number of confirmed infections reached 579 people. The number of deaths also increased by 49, while 30 patients recovered.

Meanwhile, externally, uncertainty surrounding the US government stimulus package has caused renewed turmoil in the global market. Furthermore, the stimulus package to address the impact of Covid-19 is also stalled in the US Senate because Democrats believe it inadequately protects workers and small businesses affected by the crisis. On the other hand, world crude oil prices have plummeted.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."