1. It would matter little if people used rupiah to buy only locally made products priced in the local currency. 2. And many East Timorese continue to use rupiah to buy cheap Indonesian goods. 3. But the government has been urging hotels to begin using the rupiah in their transactions to help restore eroded confidence in the currency. 4. Fauzi said the cuts mean every rupiah would be used for priority spending. 5. They have used the rupiah as the medium of exchange and deposited their savings in banks in the knowledge that their value and safety were guaranteed by Bank Indonesia. |