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Thursday, June 6, 2013
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Rupiah Weakens, BI Ready To Intervention

12:30 AM
Indobusiness - Bank Indonesia (BI) to comment on the weakening rupiah in this week. BI will respond to the weakness of the exchange rate with all the policies that the exchange rate stable.

BI Governor Agus Martowardojo said, is due to the weakening rupiah global influence, especially from the United States and countries in the region. "The Fed is signaling that quantitative easing will be accelerated. So, these are all countries also responded to all countries currency, especially in the region, is also weakened," Agus said when met at the BI office in Jakarta, Friday (05/31/2013).

Agus added, weakening not only in Indonesia, but in almost all countries, particularly in the regional countries. On the other hand, the condition of all the countries concerned. Therefore, the U.S. dollar liquidity in the market will be plentiful and will weaken the currency exchange rates in other countries.

"In fact, in depreciation countries is lower than Indonesia. This is the condition of the world such as the U.S. dollar liquidity concerns," he added.

However, in Indonesia, Agus ensure that the needs of the U.S. dollar is indeed great, especially from the corporation. BI, as the monetary authority to intervene and convince the markets that the availability of dollars to the U.S. dollar is still quite abundant in the market. "We should not hesitate to liquidity, we are still confident and will go in if necessary to keep the exchange rate," he added.

Based on BI middle rate, the exchange rate in this week is moving down. At the beginning of this week, moving rupiah at Rp 9,792 per U.S. dollar. Rupiah had slumped on Thursday (05/30/2013) at Rp 9,811 per U.S. dollar, but it began to strengthen again in this weekend at Rp 9802 per U.S. dollar.

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