Elections to buffet Indonesia’s rupiah in 2014

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.

This year could be a tumultuous one for Indonesia with two sets of elections due to take place, bringing the presidency of Susilo Bambang Yudhoyono to a close after 10 years. 

What this means for the country is unclear but the rupiah, the country’s beleaguered currency, is expected to come in for a buffeting whatever happens.

“SBY has done a good job and has tackled corruption but the push has faded over the past six or seven months. Depending on who comes into power we could see self-serving policies that harm the markets,” said Craig Chan, head of FX strategy, Asia ex-Japan, at Nomura. 

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