The Currency of Denial The rupiah has reached a record low, underscoring Indonesia's economic fragility.
However, presidential hopeful Prabowo Subianto dismisses concerns about a currency rout, claiming that ordinary Indonesians are shielded from its effects. This assertion is at odds with the harsh reality on the ground.
Indonesia relies heavily on imports for essential goods such as food and medicine. A weakening rupiah makes these necessities more expensive, disproportionately affecting the poor and middle class.