1. At the time, Peregrine seemed convinced that the rupiah was sound, and that it could soon resell the bonds backing the loan. 2. A stronger rupiah would be a tonic for the economy, Ginandjar said. 3. If the rupiah is devalued, that could wipe out the competitive advantages Thailand and the Philippines gained when they let their currencies float free, she said. 4. In some ways, the rupiah is the victim of a self-fulfilling prophecy, analysts said. 5. Since Indonesia fell into crisis, the rupiah has been a reliable barometer of public confidence in the government. 6. Still, a weaker rupiah is likely to raise the burden of foreign debt, possibly triggering corporate bankruptcies. 7. The dismissal came only three days after Clinton had called Suharto to reinforce an IMF warning not to change the way the rupiah is valued. 8. The Indonesian rupiah was unchanged after the government unveiled banking reforms in an attempt to get cash flowing back into the troubled financial system. 9. The rupiah is likely to be volatile so long as questions about the Thai economy remain, traders said. 10. Only the Indonesian rupiah is a bit volatile. |