Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, Robert Sidauruk
Following the increase of Bank Indonesia (BI) rate to 7.5% on the last couple of months, rupiah’s exchange rate against US dollar is continued to weaken and touched the level of Rp 11,700 per 1 USD.
According to Governor Agus DW Martowardojo, Governor of BI, the current rupiah’s weakening trend is still within a reasonable stage. Agus further explained that the improving condition of US economy becomes the main reason for the weakening of rupiah.
“We still consider the current situation as a normal trend,” says Agus at BI’s main office, in Jakarta last Friday.
Giving the dynamic nature of the current exchange rate condition, the Governor expressed his strong believes that the weakening of rupiah will only occur in temporary basis.
“Exchange rate is a dynamic situation in nature. For instance, rupiah has shown a strengthening position last October but suddenly weakening by this November,” the Governor said.
The Governor said that BI will keep monitor the fluctuation of rupiah’s exchange rate. This is a step for BI to come up with efficient measures in maintaining economic stability. However, the Governor asserted that BI will never set specific exchange rate target as part of the measures.
“We currently focusing on fundamental aspect in our economic situation and will not set an exchange rate target,” adds Agus.
Besides the US improving economic condition, rupiah’s exchange rate is also triggered by domestic demand on US dollar that relatively high in November. Agus informed most of private companies are required US dollar for trading purposes which potentially weaken the rupiah’s exchange rate.
“This create unfavorable situation to rupiah as the high demand of US dollar will always by responded by considerable offer in the money market,” says Agus.
(hot/kc)
Fathan Qorib, Robert Sidauruk
Following the increase of Bank Indonesia (BI) rate to 7.5% on the last couple of months, rupiah’s exchange rate against US dollar is continued to weaken and touched the level of Rp 11,700 per 1 USD.
According to Governor Agus DW Martowardojo, Governor of BI, the current rupiah’s weakening trend is still within a reasonable stage. Agus further explained that the improving condition of US economy becomes the main reason for the weakening of rupiah.
“We still consider the current situation as a normal trend,” says Agus at BI’s main office, in Jakarta last Friday.
Giving the dynamic nature of the current exchange rate condition, the Governor expressed his strong believes that the weakening of rupiah will only occur in temporary basis.
“Exchange rate is a dynamic situation in nature. For instance, rupiah has shown a strengthening position last October but suddenly weakening by this November,” the Governor said.
The Governor said that BI will keep monitor the fluctuation of rupiah’s exchange rate. This is a step for BI to come up with efficient measures in maintaining economic stability. However, the Governor asserted that BI will never set specific exchange rate target as part of the measures.
“We currently focusing on fundamental aspect in our economic situation and will not set an exchange rate target,” adds Agus.
Besides the US improving economic condition, rupiah’s exchange rate is also triggered by domestic demand on US dollar that relatively high in November. Agus informed most of private companies are required US dollar for trading purposes which potentially weaken the rupiah’s exchange rate.
“This create unfavorable situation to rupiah as the high demand of US dollar will always by responded by considerable offer in the money market,” says Agus.
(hot/kc)