WHAT'S WRONG WITH YOU, RUPIAH?

It's been a great news recently. Rupiah, Indonesia's beloved currency, is devaluing against Dollar. Rupiah touched Rp 11.200,- against Dollar several days ago. I'm afraid that 2008 global crisis will happen again when Rupiah even touched Rp 12.000,- . Some said it was because US in good economic state that make Asia in poor economic state especially South East Asia. But the point is, Indonesia still import too many goods.

So, what effects could be made by the depressing Rupiah?

1. The price of all imported goods definitely rise; cars, computers and other gadgets, and even most of daily basic needs.
2. Indonesia Stock Exchange is also devaluing.
3. Indonesia import several raw materials. The price moves up then.
4. With expensive raw material, producitivity decreases.
5. Productivity decreases, the number of unemployment rises.
6. Rising bank rate may possibly increases the number of Non Performing Loan.

Finally, the government has made some solutions such as:
- Encourage all councillors to exchange their dollar to Rupiah.
- Tell the Bank Indonesia to increase the bank rate.
- Less import, More export. The government give additional deduction tax for certain exporter.
- Add more tax for imported goods.

In my opinion, we should be more productive. I've been planting chilli on my own to prove that we can still be productive. I know it's too naive. But if we all can plant at least, one of our daily basic needs, it means we depend on imported goods no more. Well, we hope the best for our country so we've got to do the best, too.