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Developments in Monetary Sector 2013:Q3
A. Money Supply In July 2013, the central bank recorded money supply of M1 and M2 amounted for IDR 903.23 trillion and IDR 3,529.66 trillion respectively. To that end, M1 registered an increase of 17% (yoy) in July 2013, which is higher than 10.2% recorded in the previous month. Meanwhile, M2 increased by 15.5% […]
Latest Economic Developments 2013:Q3
Indonesia’s current economy is at a critical point. The rupiah depreciation, the acceleration of inflation which poised the highest level since global financial crisis, coupled with rising current account deficit and the hemorrhage of international reserves attributable to capital outflow and huge short term external debt of private sector which has reached maturity have precipitated […]
Postponement is not a Choice; Fuel Subsidies is growing “Time Bomb” that is Holding the Economy Hostage
Postponement is not a Choice; Fuel Subsidies is growing “Time Bomb” that is Holding the Economy Hostage By : Dr. Rimawan Pradiptyo[1] History Repeated For the umpteenth time, during the reformation regime, Indonesia faces a dilemma which is associated with reducing fuel subsidies. Various road maps on how best to reduce fuel subsidies have […]