{"id":419480,"date":"2026-05-09T12:35:25","date_gmt":"2026-05-09T12:35:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/419480\/"},"modified":"2026-05-09T12:35:25","modified_gmt":"2026-05-09T12:35:25","slug":"rupiah-rout-stoking-fears-of-a-1997-repeat-in-indonesia","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/419480\/","title":{"rendered":"Rupiah rout stoking fears of a 1997 repeat in Indonesia"},"content":{"rendered":"<p>TOKYO \u2013 Indonesian officials are working overtime to dismiss any suggestion that Jakarta is catching a whiff of 1997 in the air. But the force of their interventions to steady the rupiah tells a very different story.<\/p>\n<p>Bank Indonesia is\u00a0hemorrhaging currency reserves to put a floor under the rupiah, which recently fell to an all-time low. This includes levels seen\u00a0during the Asian financial crisis 29 years ago, as the fallout from the Iran war\u00a0slams global markets.<\/p>\n<p>Yet Indonesia\u2019s move to impose capital controls suggests Southeast Asia\u2019s biggest economy is going to the mattresses against currency speculators \u2014 in ways that could backfire.<\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO \u2013 Indonesian officials are working overtime to dismiss any suggestion that Jakarta is catching a whiff of&hellip;\n","protected":false},"author":2,"featured_media":31245,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[176549,1975,215447,138,70868,219,5696,215448,30075,51807,111,139,69,10458,119842,215449],"class_list":["post-419480","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-1997-98-asian-financial-crisis","tag-at","tag-atplus","tag-business","tag-danantara","tag-economy","tag-indonesia","tag-indonesia-capital-controls","tag-indonesia-economy","tag-msci","tag-new-zealand","tag-newzealand","tag-nz","tag-prabowo-subianto","tag-rupiah-depreciation","tag-rupiah-record-low"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/419480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=419480"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/419480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/31245"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=419480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=419480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=419480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}