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Indonesia: “Dollarization”

Written byJeff Ooi
Posted 1 September 2005 12:41 GMT

American economist, Steven Hanke of Johns Hopkins University, has a harsh prescription to cure Indonesia's economic woes: “The only way Indonesia can stabilize the currency is to take all discretion away from the Bank Indonesia… it has no credibility whatsoever.” He wants the “dollarization of Indonesia” to take over.

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Written byJeff Ooi

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