Tuesday, May 15, 2007

Indonesia Central Bank Says Rupiah's Strength Is `Good' for the Country'

(Bloomberg) -- The Indonesian currency's appreciation ``will do some good to the country,'' as inflation will slow, central bank Governor Burhanuddin Abdullah said.

The rupiah has risen 3.1 percent this month, making it the best performing among 15 Asia-Pacific currencies tracked by Bloomberg. The currency fell 0.1 percent to 8,813 against the U.S. dollar at 3:13 p.m. in Jakarta.


Read more at Bloomberg Currencies News

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