| Ideally 9100-9150 Per Dollar Rupiah |
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| Thursday, 22 April 2010 15:08 | |||||||
Page 1 of 2 Jakarta
- A stronger rupiah to 9,000 per U.S. dollar indicates that the
domestic economic growth improved, but how many actually an ideal
exchange rate for Indonesia's currency?
According to members of the House of Representatives Commission III Bambang Soesatyo, the rupiah should ideally be in the range 9100 to 9150 because if it gained more quickly would not beneficial for exporters as well as state revenues. Dollar positions are slightly above 9000 per U.S. dollar is considered a good enough business activities of the exporter or importer is running well, said Bambang Soesatyo members in Jakarta on Thursday. Asked about surge of foreign funds through the capital markets of Indonesia, former Chairman of Kadin Jakarta said the defense field, the entry of foreign funds through capital markets and financial markets that reach Rp71, 9 trillion is temporary. One of the triggers the entry of foreign funds is Thailand's political crisis which makes the owner transfer the funds to the Indonesian capital. Apart from Indonesia is a potential market for foreigners to put their money, because interest rates are still high and economic growth continue to rise. "We are optimistic that Indonesia will become the country with its economic growth from year to year increase," he said. Must Watched Entry of hot money into Indonesia, which encouraged the strengthening rupiah should dimbangi with efforts to maintain the rupiah exchange rate is favorable. Unlike Bambang Soesatyo, Chairman of the Indonesian Employers Association (APINDO) Sofjan Wanandi mengemukan rupiah to be kept within the range of 9000 to 9500 per dollar, a wider range. According to Sofyan, the government must be careful in determining monetary policy, in anticipation of the strengthening of the rupiah against the negative impact of economic growth. BI as a monetary authority to intervene in markets to keep the rupiah at 9,000 to 9500 per dollar. Mirza Adityaswara Bank economist said, encouraged the strengthening of the rupiah caused by the entry of foreign funds in the short to medium term can not be expected to go into the real sector. "The inclusion of a second, but a moment later the fund can get out quickly," said Mirza. | Antaranews.com | tenderoffer.biz |
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