The Role of Exchange Rates, Foreign Exchange Policies, and Foreign Exchange Reserves on the Stability of the Islamic Economy in a Country
Keywords:
Economy, Exchange Rate, Foreign ExchangeAbstract
This article discusses the Exchange Rate and Foreign Exchange Reserves which are very influential on the Indonesian economy. The exchange rate is the price of one unit of foreign currency in domestic currency or can also be said to be the price of domestic currency against foreign currency. Foreign exchange reserves are also an important factor to show that the country can carry out international trade activities. The availability of foreign exchange reserves in Indonesia is still small so that international payments cannot be made and cause a decline in the exchange rate due to a balance of payments deficit. This research is a qualitative research. The data used in this research is secondary data obtained from the Central Bureau of Statistics (BPS), and other relevant publications. The variables in this study are the exchange rate, foreign exchange reserves in the economic stability of the State. From these results, it is found that exchange rates and foreign exchange have an important role in the economic stability of a country.
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