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The rupiah was observed to be still moving at a thin limit near Rp. 15,000 per US dollar until this afternoon session (Monday, 25/7/2022). This is a challenge for the domestic textile industry. The reason, according to the Chairman of the Indonesian Textile Association (API) Jemmy Kartiwa Sastraatmaja, the textile industry has not been completely separated from the influence of the US dollar. Although, some of the raw material needs of the industry have been supplied from local sources.

Jemmy said that transactions for the procurement of textile raw materials, starting from upstream, namely paraxylene (PX), purified terephthalic acid (PTA) and methyl ethylene glycol (MEG) as well as polyeste/viscose fiber, and cotton use dollars.

"Even though there are already locally produced fibers such as polyester and viscose fibers, they calculate it using dollars," said Jemmy, Monday (25/7/2022).

Currently, he said, business actors are trying to find a strategy to cross-subsidy. That way can secure the company's cash flow.

"We just have to see if there will be a weakening in energy commodity prices which will cover each other," said Jemmy.