Indonesia is dangling unprecedented legal protections for investors in President Prabowo Subianto’s sovereign wealth fund, a move analysts warn could attract money with questionable origins and further erode the reputation of Southeast Asia’s largest economy. Read more: https://t.co/x0UMGQ8e4a
📷️: Dimas Ardian/Bloomberg
Soon we'll see another 18,000+ USD/IDR.
Even after:
>Hiking the BI rate by 100 bps in about a month.
>Burning US$12B in FX reserves defending the rupiah.
The pressure is still there