The agreement marks a key milestone in strengthening bilateral financial cooperation between the world’s largest exporter, China, and Southeast Asia’s largest economy, Indonesia.
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The rupiah exchange rate will remain stable at around Rp14,000 per US dollar in the near future. There are at least three key reasons supporting this prediction.
It should not come as a surprise if the rupiah touches the Rp15,000 level by the end of the year.
