21.   The rupiah has strengthened against the dollar after the government declared it would set up a CBS.

22.   The rupiah would strengthen considerably in expectation.

23.   University of Indonesia economist Anwar Nasution said the rupiah would not strengthen unless effective and comprehensive economic reforms were carried out.

24.   There were expectations the rupiah would strengthen further, supporting stocks such as Astra which have large dollar-denominated debts.