rupiah

After a surprisingly strong start to 2014, the elections in India and Indonesia have seen both currencies return to poor form.

This year could be a tumultuous one for Indonesia and the country’s beleaguered currency is expected to come in for a buffeting whatever happens.

Professor Steve Hanke argues that currency boards can provide stability and confidence for emerging countries facing foreign exchange and interest rate concerns.

The government''s seeming inability to come up with any credible solutions to Indonesia''s problems is thwarting the rupiah''s recovery.