Indonesian players gauge plan on cutting zeroes from rupiah
Following the news, Indonesian players evaluated the central bank’s plan and made comments on the possible impacts. Some of them see this as a harmless move while some are expecting to see some small effects.
A trader commented, “We believe that cutting three zeroes from the rupiah shouldn’t have any impacts as the value of the currency will remain the same.”
A converter said, “About taking three zeroes off from the rupiah; we are not sure how this would impact the economy. Yet, we are not influenced so far.”
Another converter opined, “We think that the removal of three zeroes from the rupiah will have minimal impacts. The move does not plan to take money out off the market, it’s just a replacement.”
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Softer expectations take hold of Europe’s PE market for November
- Asia PS, ABS markets under pressure from multi-year low styrene
- US PE exports to continue to dominate Q4 market outlook
- Taiwanese major sells out Nov PVC quota to India ahead of Diwali
- Will Asian spot ethylene markets pull back from 10-year lows?
- October hikes prove short-lived in Europe’s PP market
- Firming PE trend stumbles, medium-term expectations stifled in Turkey
- PET prices fail to rebound from near 3-year low in Asia, Europe
- African PP, PE markets start Q4 in limbo amid varying pricing policies
- Will Taiwanese major roll over November PVC offers?