Indonesia Has Prepared for Results of U.S. Presidential Election

Jakarta, 09 Safar 1438/08 November 2016 (MINA) – Indonesia has set anticipating steps to cope with challenges resulting from the upcoming U.S. presidential election as it may create uncertainties for Indonesia and global economies, Indonesia Finance Minister Sri Mulyani said on Tuesday.

The minister said that result of the United States presidential polling would significantly affect Indonesia’s trade and capital flow, leading to the fluctuation of national currency exchange rate.

“Government would look into measures to neutralize (the bad impacts) and strengthen the nation’s economy,” Xinhua quoted Sri Mulyani as saying without giving details of the considered measures.

She added that the challenges would even be greater than the challenges due to the plan of U.S. Federal Reserve (The Fed) to increase its rate benchmark at the end of the year.

Speaking at the same occasion, Indonesia’s Coordinating Minister for the Economy Darmin Nasution expected a non-surprising result from the election.

Citing results of the latest survey that favors Hillary Clinton, Darmin said that Hillary has more chance to win the United States presidential election.

He added that the non-expected result in the United States presidential polling may disrupt bilateral relations between Indonesia and the world’s significant country.

Darmin said that as one of Indonesia’s major export destination countries, the United States has established cooperation with Indonesia in various sectors.

The United States has topped the rank of Indonesia’s non-oil and gas commodities export destination economies in the last few months with 1.36 billion U.S. dollars recorded in September. (T/R07/R01)

Mi’raj Islamic News Agency (MINA)