Indonesian Debt In Just 55 Percent

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Indonesian Debt In Just 55 Percent

Monday, 09 August 2010 09:23

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Indonesian Debt In Just 55 Percent
Utang Indonesia Dalam Rupiah Baru 55 Persen
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Jakarta - Indonesia The proportion of government debt denominated in rupiah shows an increasing trend, but until the first semester of 2010 only reached 55 percent of the total debt.

Government Progress Report (External Debt and Government Securities) of the Directorate General of Debt Management Kemenkeu obtained in Jakarta, Sunday, citing portions of rupiah-denominated debt in 2005 reached 50 percent, in 2006 and 2007 reached 53 percent.

In 2008, the proportion of debt in rupiah declined to 48 percent. The decrease was due to the depreciation of the rupiah caused by the global financial crisis.

But in 2009, the portion of the debt in rupiah again increased to 53 percent and until the end of the first semester of 2010 showed an increase to 55 percent.

Composition of total government debt as of June 30, 2010 more are denominated in rupiah 55 percent, the U.S. dollar reached 22 percent, are denominated in Japanese yen 17 percent, four percent of the euro currency, and the remainder in other currencies.

The number of Indonesian government debt as of June 30, 2010 reached 177.6 billion U.S. dollars.

If specified, the sum of rupiah-denominated debt amounted to 96.8 billion U.S. dollars (Rp879, 3 trillion), in the eyes of the U.S. dollar amounted to 38.9 billion U.S. dollars, Japanese yen denominated which amounted 29.9 billion dollars U.S., denominated in euros amounted to 6.9 billion U.S., and other currencies 5.1 billion U.S. dollars.

Directorate General of Debt Management also reported that during 2010 this new government implement "debt switching" twice. Program "debt switching" is intended to reduce the "refinancing risk."

Than twice the auction 'debt switching "the government's trade government securities with maturities of 20 years Rp2, 38 trillion.

While for the program "buy back", during 2010, the government had never done. State bond buyback program is a program that aims to stabilize markets and reduce outstanding debt.
(ANTARANews) www.tenderoffer.biz

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