BI Stabilizes IDR By Dual Interventions

Jakarta, June 3 (Antara) - Bank of Indonesia (BI) has stabilized the rupiah (IDR) value by its dual-interventions, Governor Deputy of BI Perry Warijo said here on Monday. "BI has intervened foreign exchange and bought national bonds (SBN) in secondary market. These were our step to stabilize the rupiah value," he said. Perry said BI has distributed the United States Dollar (USD) in domestic exchange to ensure the sufficient stock of USD. "BI is still on its fundamental track to keeps the rupiah exchange rate," he said. According to him, demanding of US$ in May increased due to repatriation of dividends. Many of private share their dividends to their branch office in several countries. Meanwhile, the buying of national bonds in secondary market by BI has done to stabilize rupiah liquidity. "We have monitored the transaction of national bonds. The capital reversal also has occurred in other country like Thailand and Philippines in last three days," he said. However, the numbers of capital reversal were decrease in Friday (31/5) and made BI not bought the national bonds in huge number. Rupiah rate weakened at 69 point to Rp9.882 per USD from Rp9.813 in Friday afternoon.