Indonesia’s new regulations on rupiah come into effect
A source from a local PVC producer stated, “With the new regulation, all cash and non-cash transactions will be made in rupiah. Our small scaled customers are now more willing to purchase as they are less worried about currency fluctuations.” A source from another local PVC producer added, “We think that there will be a great confusion once we start to offer in rupiah and that it will take time for the market to adjust to the new regulations.”
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