rupiah

But the higher the yields go, or if yields stay high at this lofty perch, it makes it increasingly difficult to continue attracting inflows into your local currency debt.

So I do worry about IDR as one of the currencies that could be on the back foot because of

higher US yields.

Interesting, Abbas.

But again, at a current rate of 5.75%, the seven days reverse repo does not really stifle credit because they have other accompanying so-called measures like the macroprudential liquidity support, the ability to repo some of the bonds if banks require credit.

But then again, the aim here is to arrest or anchor the Rupiah stability by offering investors Enrico,

Bank Indonesia says private investment still needs strengthening.

Is the problem really the cost of money or is it confidence?

All this requires policy that is structural in nature.

For example, not just through the BKPM, which is the investment body, but I think through the structural reform policy, of basically promoting exports that use a lot of normal and rather domestic-based materials rather than higher imports.

So basically, once you turn that around, the concept that is called a basic balance, which is your net FDI plus your current account position, once it turns into a surplus, Rupiah will automatically be anchored and opening the room for BI to actually lower interest rate further to support business and the economy.

We have about a minute left.

ANZ economist Dheeraj Nem still expects the central bank to lift rates further during the cycle to six point two five percent.

They've expanded the hedging incentives for a multitude of inflows, which is a clear signal that, you know, as long as there is no risk or major risk to IDR stability, they think that current rate settings and, you know, a multi-pronged toolkit will do the job.

But again, uh, you know, it, it is viable in our view only till IDR actually remains stable.

So in the sense that the BI has not closed the door on further rate hikes, but it will be contingent upon the FX market pressures.

Number four, Singapore's headline annual CPI inflation rate rose to two point three percent in August, and core CPI was up two point two percent from a year ago.

Yep.

Uh, and I don't even need to pay extra Rupiah for it.

But anyways, so that is in the living room.

So as soon as I came over here to my office to start getting things ready for the show, I see Muncie Homer.

and that's about 20.8%, followed by the Saudi Rial, which is 220 billion, and so forth.

So those four currencies, including the Indonesian Rupiah, is 90% of the entire Sukuk market.

Now again, if you shoot me an email, I can certainly pass this pitch deck to you, so I'm happy to share this with you.

But really, what I'm highlighting here is the particular total asset size right now, about $6 trillion of total assets outstanding.

Thanks, buddy.

I'm going to have to figure out what IDR is that.

Indonesian? Yeah, it is.

It is.

Indonesian rupiah.

I'm sure they just use dollars.

Their abbreviation is IDR.

How much was it though? Well, in Indonesian rupiahs, it's 20,171,199

Indonesian rupiahs.

And I, I think that versatility that he had-

That record still stands for me, 'cause it's a very different spec car than the IDR.

Yes.

Yep.

Yep

... it's, it's...

The IDR is a-

And it still wasn't full tarmac, I don't think.

So even though a lot of Asian tech exporters enjoy the glow of AI, the region is relatively vulnerable to higher energy prices.

And to this point, we remain long the Korean won to position for incoming CapEx, but we fund this trade in other energy exposed currencies like INR, IDR, and the euro.

We're also long the Malaysian ringgit, which as it turns out, is Asia's only major energy exporter.

On the topic of Korea, the currency has rallied twelve percent in two months, eight percent since you entered the bullish trade.