The global reputation of the banks of Indonesia has risen in recent times. This is because Indonesia has several leading banks that have placed Indonesian banks in the spotlight at the international level.
However, there are several problems faced by many banks in Indonesia which threaten to damage the global reputation of the country’s banks. One of these problem areas is that of foreign exchange rates. Foreign exchange rates in Indonesia are important because the country has nearly 15% of its loans in the form of foreign currency. Thus, to maintain the positive international reputation of Indonesia’s banks, the banks of Indonesia have to re-assess their strategies as foreign exchange rates change. Therefore, foreign banks, Indonesian banks, and the Indonesian government must work together in order to achieve the best possible outcome for the banks of the country. By doing so, they will increase the revenue and level of investment which enters Indonesia. This in turn will serve as a significant boost to the international reputation of Indonesian banks.