Re: Dollar rises in Indonesia, what is the economic fate?

~snip~

I don't know how young are you, but I have seen worst economic situations in my country that even topple a dictatorship. Worst, after 30 years, the country is still in financial crisis and dollars per local fiat is rising.

I can't say what would be the economic fate of Indonesia because as neighbor nations, I wish that everything will not be in chaos (might be a coup-d-etat, new government form but then the problem still persists), and I guess the sitting government should do everything at their power to avert another financial crisis. If your question is, will this affect crypto? I will say no, it wouldn't put a significant dent on the price, but Indonesians can run to crypto to leverage their wealth until the government find a way to prevent the disaster.

I really agree with your words, maybe a reasonable alternative if they ran to crypto to reduce the disaster experienced in Indonesia today.
Because using crypto is very helpful for the economy in Indonesia, especially those who have a low economy.

i think we are helped now because crypto campaign, so that with us joining, it will get a lot of money. and for the cryptocurreny, i think the government has given a signal even though it has not decided yet

How could the Indonesian government legalize Crypto, of course in Indonesia it still uses official currency that already has a legal basis, last year the government did not legalize crypto, because the basis for using crypto currency was not in government law.
But to help Indonesians use crypto secretly without being noticed by the Indonesian government, it would be better, yes, this is very helpful to continue their economic needs.