Indonesia: Alert ! If Jokowi elected in 2019, USD can surpass IDR. 17.000, said analyst

VOICE.NEWS- If  Jokowi is elected again in the 2019 presidential election, the dollar can break through the figure of Rp. 17.000-18.00...



VOICE.NEWS- If  Jokowi is elected again in the 2019 presidential election, the dollar can break through the figure of Rp. 17.000-18.000 [Rp 17-18 thousand] due to various domestic weaknesses and distrust of the US / European Union. They think Jokowi has blocked China, which means there are geopolitical problems there.

Indonesian people all know, 2019 will be a hot political year for Indonesia. The reason is, seeing the contestation in 2014 where the community is like being polished, namely the Jokowi and Prabowo camps.

This analysis was delivered by Nehemia Lawalata, a GMNI Eastern Indonesia figure who is also a former Secretary of Prof. Sumitro Djojohadikusumo. He predicts seriously that under Jokowi's leadership in the future, the political economy will become more complicated and the rupiah will penetrate up to Rp. 17-18 thousand.

 ''Joko Widodo is too close to China and this makes The US/West and Japan do not like his regime. They want regime change,'' he said.

How not, Joko Widodo-JK is considered a failure to develop the people's economy so that the movement of the United States dollar (US) is increasingly difficult to predict. Now the rupiah has weakened and the dollar has broken through the Rp. 14,877 per day.

Even though he was still moving wild, Bank Central Asia (BCA) economists were convinced that the rupiah would be possible weaken far even to Rp. 15 thousand or more because the ungoverning government of Joko Widodo to handle the controversial import of food by Minister of Commerce Enggartiasto.

 In this context, F. Reinhard MA, another political-economic analyst, said the rupiah would penetrate Rp. 15 thousand and go Rp. 16-17 thousand if Jokowi is elected again. ‘’Market and civil society has been distrust to Joko Widodo who fail to fulfil people expectation,’’ he said

Among the concerns for the Widodo government is a corruption scandal. In late August, the KPK, an independent anti-corruption watchdog, named Social Affairs Minister Idrus Marham as a suspect in a bribery investigation over construction of a $900 million power plant in Sumatra's Riau Province. Marham has stepped down from his cabinet and Golkar Party posts, but Widodo's first cabinet-level corruption scandal will give the opposition ammunition to attack the president, who trades heavily on his reputation for probity.

Adding to Widodo's troubles, KPK investigators arrested lawmaker Eni Saragih, also of Golkar, as she was in the act of accepting cash from a construction contractor at Marham's home. A subsequent search deepened suspicions that Marham was involved, according to media reports. The KPK believes Saragih received payments worth 4.8 billion rupiah ($320,000).

The power plant is part of a larger 5 quadrillion rupiah ($337 billion) infrastructure development program. The plant was to be a joint venture between state-owned utility PLN and private companies, who were selected without competitive bidding. The KPK suspects the construction companies transferred the money to a lawmaker familiar with the energy industry in return for the contract.

KPK has been investigating PLN executives since late August, including Sofyan Basir, PLN's president, who pushed ahead with the power plant project in response to government pressure. Sofyan denies the bribery allegations, saying his company had nothing to do with the scandal. It is unclear how far it may reach into the ruling coalition's leadership.

Widodo received strong popular support in 2014 by pledging to fight corruption. He cuts a frugal figure and has not been hurt by the revelations so far. His approval rating remains at just over 50%. But if the scandal spreads to senior officials and state company executives in charge of the infrastructure-building program, Widodo's path to a second term will become rougher.

Indonesia's presidential election campaign is shaping up as remarkably similar to the last one.

Just like in 2014, the dominant issue will be the economy; only this time there is a whiff of financial crisis in the air.

[editor]

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