Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Andin Aditya Rahman
The Government has finally decided to issue a hedging regulation specifically for state-owned enterprises (BUMN) . The new regulation aims to stabilize the IDR exchange value for export and import based state-owned BUMN.
Dody Budi Waluyo, Head of the Strategic Planning and Public Relations Department at Bank Indonesia (BI) expressed confidence that the regulation can maintain the IDR’s exchange value.
“Yes, it will stabilize the spot market and exchange value. It is aimed towards that,” he stated in Jakarta last Friday.
He also believes this regulation represents the Government’s efforts to prevent state-owned enterprises from entering daily spot markets.
Previously, Dahlan Iskan, Minister of State-Owned Enterprises, stated that the regulation provides freedom for BUMNs to conduct hedging against a fluctuating IDR exchange rate against the USD.
He explained that the regulation contains standards and procedures for implementing hedging transactions that can be taken by BUMNs. Every BUMN is able to conduct hedging provided that they have standard operating procedures (SOP) for doing so.
“All BUMNs are permitted to conduct hedging but under SOP,” the Minister stated.
The Minister further explained that hedging is a strategy that can be implemented by BUMNs to avoid losses caused by foreign exchange transactions.
However, Dahlan asserted that hedging is only to be carried out when necessary, “hedging for BUMN is only permitted until it is no longer needed.”
The Minister also stated that BUMNs are not coerced into conducting hedging. Whether or not to do so completely depends on each BUMN’s calculations and considerations for their respective circumstances for implementing hedging. He emphasized, however, that hedging must only for the intended purposes.
“Hedging is only to hedge, and not to speculate and certainly not simply to conduct derivative transactions,” concluded Dahlan.
(hot/kc)/
Fathan Qorib, Andin Aditya Rahman
The Government has finally decided to issue a hedging regulation specifically for state-owned enterprises (BUMN) . The new regulation aims to stabilize the IDR exchange value for export and import based state-owned BUMN.
Dody Budi Waluyo, Head of the Strategic Planning and Public Relations Department at Bank Indonesia (BI) expressed confidence that the regulation can maintain the IDR’s exchange value.
“Yes, it will stabilize the spot market and exchange value. It is aimed towards that,” he stated in Jakarta last Friday.
He also believes this regulation represents the Government’s efforts to prevent state-owned enterprises from entering daily spot markets.
Previously, Dahlan Iskan, Minister of State-Owned Enterprises, stated that the regulation provides freedom for BUMNs to conduct hedging against a fluctuating IDR exchange rate against the USD.
He explained that the regulation contains standards and procedures for implementing hedging transactions that can be taken by BUMNs. Every BUMN is able to conduct hedging provided that they have standard operating procedures (SOP) for doing so.
“All BUMNs are permitted to conduct hedging but under SOP,” the Minister stated.
The Minister further explained that hedging is a strategy that can be implemented by BUMNs to avoid losses caused by foreign exchange transactions.
However, Dahlan asserted that hedging is only to be carried out when necessary, “hedging for BUMN is only permitted until it is no longer needed.”
The Minister also stated that BUMNs are not coerced into conducting hedging. Whether or not to do so completely depends on each BUMN’s calculations and considerations for their respective circumstances for implementing hedging. He emphasized, however, that hedging must only for the intended purposes.
“Hedging is only to hedge, and not to speculate and certainly not simply to conduct derivative transactions,” concluded Dahlan.
(hot/kc)/