"The appreciation of the rupiah in the past few days occurred not because of intervention from Bank Indonesia but has been driven by market mechanism," the bank governor, Darmin Nasution, said here on Monday.
He said the third quantitative easy policy from the US Federal Reserve has made dollar supply to increase to weaken its value.
The Fed in the middle of this month started implementing the policy by injecting US$40 billion a month to improve that country's economy and reduce unemployment.
Darmin said the US policy plus good fundamentals of the Indonesian economy had made the rupiah to appreciate.(IGT)
: Masuki
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