Indonesia is grappling with a confluence of challenges as violent protests, a weakening currency, and political instability threaten its economic stability. The Jakarta Composite Index dropped sharply on Monday, reflecting investor concerns about the country’s future prospects. A sharp decline in the rupiah against the US dollar – reaching its weakest point since August 1 – adds to the woes. The protests were sparked by public outrage over soaring living costs, legislators’ high salaries, and alleged police brutality, creating one of the worst crises Indonesia has faced since President Prabowo Subianto assumed office last year. 8 people have died in clashes, with protestors demanding action from authorities. As a result, the government has issued warnings about strict action against looters and violence while also promising to address public grievances and introduce austerity measures for legislators.