With the acceleration of vaccination by the Government, which is also supported by financing from Bank Indonesia, Indonesia was able to achieve herd immunity in the second quarter of 2022. In fact, the Government also able to carry out booster vaccinations which had reached 40% of the target in October 2022.
In 1990, the average $ exchange rate was NAD2.59 and the average inflation was about 15%. By 2000 the exchange rate has depreciated by more than 100% to NAD6.87. In 2002 the exchange rate reached a record low of NAD10.52. During 2003 the exchange rate started to appreciate and most people were not expecting an appreciation, but were expecting depreciation.