| IEI: Redenominasi Need Done Immediately |
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| Monday, 09 August 2010 09:13 | |||||||
Page 1 of 2 Jakarta - Redenominasi should be done immediately so that the rupiah has depreciated far more powerful, said economic analysts from The Indonesia Economic Intelligence (IEI) Sunarsip."The policy should also be taken redenominasi it because we have a lot of exchange rate decreased due to the devaluation since the days of the old order and the new order," he said in Jakarta on Sunday. In the 1990s about the value of the rupiah against the U.S. dollar was still around 0.00-Rp2 Rp1.500 .000,00 per U.S. dollar. Currently, the exchange rate moves around Rp9.000, 00 per U.S. dollar. He says that the trend movements of the rupiah against the U.S. dollar more down than up. "The trend down continues, it is rarely down 10 points and rising 15 points, actually increased by only 5 points. In the last 12 years that's the case, the rupiah has depreciated," he asserted. The weakness of the rupiah exchange rate, he continued, speculators often used to conduct transactions "carry trade", ie, utilizing the difference in value between the currencies of foreign exchange (forex), the rupiah to take advantage of forex trading. "I think it's time, if you still say it's wrong discourse, socialization should start from now to five years from now can be implemented. Rupiah would be have a price, yet there are no real side effects," he said. Former Minister of State owned enterprises (SOEs) Sugiharto, who serves as Chairman of the Steering Board said today IEI is the right momentum to do redenominasi. "Why would a good momentum for the movement of the exchange rate relatively stable despite global economic turmoil. But it needs intensive socialization. If not now when again?" he said. Sugiharto estimate the amount of socialization and training of new usage is done in two to three years for the next five years redenominasi can be executed in full. (ANTARANews) www.tenderoffer.biz
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