JAKARTA -- The Indonesian rupiah fell on Tuesday to its lowest level against the U.S. dollar since the 1998 Asian financial crisis, exceeding its depreciation during the COVID-19 pandemic. It has weakened 3% this year, making it one of the poorest-performing emerging market currencies.
Currencies
Indonesia's depreciating rupiah: 5 things to know
Exporters benefit while importers and consumers contend with higher prices
Indonesian bank notes. The rupiah has weakened by about 3% this year against the U.S. dollar, making it among the poorest performing emerging market currencies. Investors are skeptical about President Prabowo Subianto's economic agenda © Reuters
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