They can try that, but I don't think they'll have much success this time around. At least In Indonesia, the government here just hiked rates on imports, as well

They can try that, but I don't think they'll have much success this time around. At least In Indonesia, the government here just hiked rates on imports, as well as implementing a whole bunch of other policies in order to defend the IDR. I can only assume this is going on as well in other non developed markets.