REPUBLIKA.CO.ID, JAKARTA -- President Joko "Jokowi" Widodo here on Wednesday morning chaired a limited cabinet meeting to discuss economic affairs.

Jokowi and Vice President M Jusuf Kalla as well as some ministers in charge of economic affairs discussed about the stability of Indonesian currency, rupiah, and strategies to achieve the economic growth target.

The National Mid-Term Development Planning 2015-2019, the government's working plan revision in 2015 and the budget allocation for ministries are also in the agenda of the meeting.

Meanwhile, the country's currency has been depreciated against the US dollars over the past few weeks due to external factors.

The rupiah was traded at Rp12,884, down 171 points against the US dollar in interbank transactions on Tuesday as compared to the previous recorded value of Rp12,713.

"This is a global trend that has affected not only Indonesia but all currencies too have suffered tremendous pressures," Indonesian Chief Economic Minister Sofyan Djalil stated here on Tuesday.

Sofyan said that the improving US economy and appreciation of its currency coupled with anticipatory measures adopted by its central bank such as the upcoming policy have all contributed to depreciating the rupiah.

In comparison to the currencies of other countries, the rupiah is still relatively better and has not been under significant pressure, he pointed out.

"The condition of the rupiah is not bad, not the worst. Until today, the annual depreciation of the rupiah is recorded at only four percent," he stated.

He said the government will continue taking various steps to maintain the stability of the rupiah in line with the country's economic fundamentals.

He remarked that the depreciation of the rupiah was not caused by domestic problems as the country's political condition was relatively stable and the hard work done by the current cabinet is expected to improve the country's future economy.

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