Furthermore, Bank Indonesia will continue to stabilise exchange rates in line with the Rupiahs
fundamental value while keep maintaining market mechanisms.
The Indonesian government has decided to increase prices of diesel and gasoline to 6,000 Rupiahs
(or USD 65 cents) per liter, from 4,500 Rupiahs
(USD 50 cents) per liter, as of April 1.
The money was released in bills of 1,000 and 5,000 rupiahs
According to the newspaper, Bambang noted that while the alternative fuel is currently selling for 17,000 rupiahs
(about $1.83) per two-liter package, he estimated that a planned switch to castor beans as a source material could lead to a drop in price of approximately 2,500 rupiahs
(about 27 cents) per liter.
AKI chairman Soetjipto said cancellation of the projects will badly hurt the local contractors when the construction industry is in its way to recovery marked with the brisker development of toll roads and petrochemical projects valued trillions of rupiahs
. State Minister for Development Planning Kwik Kian Gie said earlier that the government might have to cancel projects valued t US$800 million to be financed with loan from CGI as the country's ability to use fund is low because of the difficulty in providing rupiah
fund required to supplement foreign exchange.
AS THERE are 13.3 rupiahs
to the pound, 2,000 rupiahs
are about pounds 150, not 14p.
A team of the Attorney General's Office is currently conducting investigations into Suharto and his fortune, including his deposits totaling 23 billion rupiahs
(about 3 million U.S.
The news helped the rupiah
, Indonesia's currency, to strengthen significantly to around 9,000 rupiahs
against the U.S.
According to the publication, bajaj models that utilize both gasoline and CNG are priced at approximately 32 million rupiahs
(about $3,700), while Kancil vehicles cost approximately 34 million rupiahs
Christianto Wibisono, executive director of the Indonesian Business Data Center, reportedly put the wealth of Suharto, his family and close associates at 200 trillion rupiahs
(about 17.5 billion U.S.
"The subsidies on wheat flour will be totally removed from October, so the wheat flour price (per kilogram) will increase to 4,000 rupiahs
(about 30 U.S.
Ex-factory prices of palm olein, the refined form of crude palm oil, shot up to 6,200-6,500 rupiahs
per kilogram from 5,300 rupiahs