Central Banking

Bank Indonesia says rupiah rate 'realistic'

Bank Indonesia governor Burhanuddin Abdullah said the 2006 draft budget assumption of the rupiah's average exchange rate next year at 9,400 to the US dollar is "realistic".

"It is realistic. We are optimistic that our economy will rebound," the central bank chief told reporters at parliament.

Abdullah said current pressures on the rupiah stem mainly from external factors, including rising oil prices and global interest rates.

But there is an opportunity for the country's exports and investments to

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