Posted inAT Finance, Indonesia, Middle East, Singapore

Long queues to send money as Indonesian rupiah tumbles

Amid the rupiah’s recent plunge, Indonesian domestic workers in Singapore were seen queueing outside remittance shops in Paya Lebar on Sunday, hurrying to send their wages home. On August 31, the Indonesian rupiah fell to its lowest mark – to the 1998 crisis level – against the US dollar in 20 years as investors grow […]

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