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Economy

Asian companies and consumers weighed down by sliding currencies

From Indonesia to Turkey, people struggle with rising prices and interest rates

The Indonesian rupiah has fallen 9% against the dollar since the start of the year.   © Reuters

JAKARTA -- Gold, so the conventional wisdom goes, is a safe haven in times of market turmoil, and Indonesians are snapping up the precious metal in response to the rupiah's 9% decline against the dollar since the start of the year.

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