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Jokowi Arranges the New Cabinet, Rupiah were Getting Strengthens Again

On the spot market, Bloomberg data Tuesday (10/22/2019) at 09.56 West Indonesia Time, the rupiah was in the position of Rp 14,049 per US dollar.
Illustration of Rupiah and US Dollar - The exchange rate of the rupiah against the US dollar continues to strengthen near the level of 14,000, along with the summoning of ministerial candidate members of the Working Cabinet II by President Joko Widodo.

On the spot market, Bloomberg data Tuesday (10/22/2019) at 09.56 West Indonesia Time, the rupiah was in the position of Rp 14,049 per US dollar. This position is up 0.22 percent compared to yesterday's close of Rp 14,080.5 per US dollar.

Meanwhile, based on Bank Indonesia's Jakarta Interbank Spot Dollar Rate (JISDOR) reference rate, the rupiah is in the position of Rp 14,058 per US dollar or strengthened 0.52 percent compared to yesterday which was at Rp 14,132 per US dollar. 

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Since Monday (10/21/2019) yesterday, a number of figures came to the Jakarta Presidential Palace to fulfill the invitation of President Joko Widodo.

The figures wore long-sleeved white shirts, like those used by President Jokowi on a daily basis. They claimed to be given the task to assume positions in the government period 2019-2024.

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Among the figures who came, some who were projected to assume positions in the economic sector were Wishnutama Kusubandio, Chief Commissioner of NET Mediatama Television, Airlangga Hartarto, Erick Thohir, as well as Nadiem Makarim. 

Nadiem, who is the founder of Gojek, said that he would abandon his position as CEO of the startup company. Similarly, Erick Thohir, who claimed to be leaving the business world after being appointed by President Jokowi as minister.

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In addition, Jokowi's rival in the last election, Prabowo Subianto was also invited to the Palace and claimed to be given the mandate to take care of the defense sector.

As for today, Sri Mulyani Indrawati was also summoned to the Presidential Palace to fulfill Jokowi's invitation. 

For two days, President Jokowi invited figures who will serve as minister for the next five years to the Presidential Palace. The cabinet announcement is planned for tomorrow, Wednesday (10/23/2019). (*) 

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Penulis: Lia Sisvita Dinatri
Editor: Lia Sisvita Dinatri
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