JAKARTA -- Indonesia's central bank on Wednesday tried to tame market concerns over the rupiah's recent depreciation to a 27-year low, saying the situation is far from a repeat of the 1998 financial crisis.
Currencies
Rupiah decline different from 1998 crisis, says Indonesia central bank
Bank Indonesia assures drop in rupiah will not lead to repeat of past crises
Bank Indonesia held a press briefing on March 26, after the central bank, lenders and investors saw a rapid fall of the rupiah in the currency market the day before. (Photo by Ken Kobayashi)
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