Encourage Asian Economic Recovery Strengthening Currency

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Encourage Asian Economic Recovery Strengthening Currency

Monday, 02 August 2010 08:31

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Encourage Asian Economic Recovery Strengthening Currency
Ekonomi Asia Membaik Dorong Penguatan Mata Uang
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Jakarta - Bank Indonesia Governor elected Nasution said the strengthening of currencies in Asian countries including the amount due to the economic growth in the region better than the United States (U.S.).

"It actually caused more by the data about the U.S. economic growth is not as good as expected by the main players and analysts, but otherwise in good instead of Asia, including Indonesia. Well it makes dollars and then weakened, and it was not only against the rupiah, but also all Asian currencies, except for Thailand, "he said at the Finance Ministry building in Jakarta, Friday.

Nasution was in the building after signing the Memorandum of Understanding concerning coordination in order to maintain financial system stability between the Bank Indonesia (BI), Ministry of Finance and the Deposit Insurance Agency (DIA), which was witnessed by Coordinating Minister Hatta Rajasa.

Darmin added economic growth in Asia has grown better than previous estimates. Meanwhile, post-crisis economic recovery in the U.S. did not occur as expected market participants and analysts.

The rupiah on Friday, rose to reach levels Rp8.950 per U.S. dollar. Previously, Nasution has said that the optimal exchange rate at the level of Rp9.100-Rp9.150 per U.S. dollar.
(ANTARANews)

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