Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fitri Novia Heriani, Andin Aditya Rahman
The exchange rate of the Rupiah against the USD continues to climb. On the foreign exchange market yesterday, the IDR closed down 339 points from its previous level ofe IDR 10,825.5 per dollar..
Yesterday at noon, Bank Indonesia (BI) confirmed the latest exchange rate for IDR against USD at IDR 10,723 per dollar.
Dolfie OFP, a member of Commission XI at the House of Representatives believes this level is a concern for the Indonesian economy. According to Dolfie, both the government and BI must intervene to prevent a further decline of the Rupiah.
“BI and the government must intervene,” Dolfie asserted at the Senayan Complex in Jakarta on Wednesday.
Dolfie explained that there are two tools that BI and the Government could use to controlthe exchange rate.
Th first is to make use of foreign exchange reserves. As of July 2013, Indonesia’s foreign exchange reserve stands at USD 92.67 billion, which could be used by BI to prevent further damage to the Rupiah.
Second is to further increase the BI rate. By increasing the BI rate, it is hoped that this will invite more people to invest in deposits.
The government must also take steps to control fluctuations in the Rupiah by decreasing imports of finished goods. Imports of finished goods increase the demand for USD because transactions of finished goods are in USD.
“If these imports are not stopped, the exchange rate may soon surpass the 12,000 mark,” he added.
Chatib Basri, Minister of Finance, stated that policies must be established to respond to the current condition of the Indonesian economy and the continuous decline of the Rupiah’s exchange rate against the dollar.
He also asserted that the current circumstances require responses that are more than mere reactions. The current conditions must be dealt with by well-prepared and comprehensive plans.
“Responses cannot be reactive, there must be proper preparation,” stated Chatib.
(hot/kc)
Fitri Novia Heriani, Andin Aditya Rahman
The exchange rate of the Rupiah against the USD continues to climb. On the foreign exchange market yesterday, the IDR closed down 339 points from its previous level ofe IDR 10,825.5 per dollar..
Yesterday at noon, Bank Indonesia (BI) confirmed the latest exchange rate for IDR against USD at IDR 10,723 per dollar.
Dolfie OFP, a member of Commission XI at the House of Representatives believes this level is a concern for the Indonesian economy. According to Dolfie, both the government and BI must intervene to prevent a further decline of the Rupiah.
“BI and the government must intervene,” Dolfie asserted at the Senayan Complex in Jakarta on Wednesday.
Dolfie explained that there are two tools that BI and the Government could use to controlthe exchange rate.
Th first is to make use of foreign exchange reserves. As of July 2013, Indonesia’s foreign exchange reserve stands at USD 92.67 billion, which could be used by BI to prevent further damage to the Rupiah.
Second is to further increase the BI rate. By increasing the BI rate, it is hoped that this will invite more people to invest in deposits.
The government must also take steps to control fluctuations in the Rupiah by decreasing imports of finished goods. Imports of finished goods increase the demand for USD because transactions of finished goods are in USD.
“If these imports are not stopped, the exchange rate may soon surpass the 12,000 mark,” he added.
Chatib Basri, Minister of Finance, stated that policies must be established to respond to the current condition of the Indonesian economy and the continuous decline of the Rupiah’s exchange rate against the dollar.
He also asserted that the current circumstances require responses that are more than mere reactions. The current conditions must be dealt with by well-prepared and comprehensive plans.
“Responses cannot be reactive, there must be proper preparation,” stated Chatib.
(hot/kc)