Go Finance Reporting in JAKARTA - The rupiah was observed to weaken over the United States dollar (U.S.). Increasingly high price of crude oil as the impact of the riots in Libya, who became a global issue to be the trigger.
Amount according to the exchange rate of Bank Indonesia (BI), Wednesday (03/23/2011) weaker than previously Rp8.710 per USD to as low Rp8.721 per USD.
Meanwhile, according yahoofinance, the rupiah weakened to Rp8.723 per USD with a daily trading range in Rp8.712-Rp8.728 per USD. While other currency exchange rates also appear to erode the U.S. dollar in which the euro weakened to 1.4179 per USD, the yen was also weakened to 80.805 per U.S. dollar.
Samuel Analysis Securities Indonesia, said the U.S. invasion, Britain and France to Libya to make the oil price increase.
For your information, the war in Libya begins with demonstrations railing against regime change, then turned into a civil war and rebellion, and eventually became a global war when rebels ask for foreign intervention.
The attack this coalition makes oil prices rose to levels that began to worry even though Saudi Arabia has agreed to accept the decline in production of Libya. Brent prices closed up to USD115, 83 previously approached the highest level at USD116 per barrel. (GoFinance)
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