ID :
35941
Tue, 12/16/2008 - 17:14
Auther :
Shortlink :
https://www.oananews.org//node/35941
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RUPIAH SLIGHTLY UP LATE TUESDAY
Jakarta, Dec. 16 (ANTARA) - The rupiah strengthened slightly against the US dollar in the Jakarta interbank spot market on Tuesday afternoon, thanks to Bank Indonesia (BI)'s close supervision on the movements of the two currencies.
The rupiah was traded at Rp11,000/11,100 per US dollar, up 25 points from Rp11,025/11,150 at in the earlier market closing.
"BI will intervene the domestic market when there is a right momentum, in order to prevent the rupiah from approaching the level of Rp12,000 per US dollar," Financorpind Nusa Director Edwin Sinaga said here on Tuesday.
He said that the central bank had known the cycle of foreign currency demand, such as for the payment of foreign debts, so that BI could anticipate and control the rupiah.
"By knowing the habitual cycle of those needing the foreign currency, BI is expected to be well prepared in meeting the demand (for the greenback) fast," he said.
The slumping down of the rupiah lately was mainly due to the impacts of the current global financial crisis, he said.
Not only rupiah, but almost all foreign currencies in the regional money markets were depreciated, he said.
According to him, BI was currently monitoring the local currency and was ready to intervene the market anytime.
The rupiah was traded at Rp11,000/11,100 per US dollar, up 25 points from Rp11,025/11,150 at in the earlier market closing.
"BI will intervene the domestic market when there is a right momentum, in order to prevent the rupiah from approaching the level of Rp12,000 per US dollar," Financorpind Nusa Director Edwin Sinaga said here on Tuesday.
He said that the central bank had known the cycle of foreign currency demand, such as for the payment of foreign debts, so that BI could anticipate and control the rupiah.
"By knowing the habitual cycle of those needing the foreign currency, BI is expected to be well prepared in meeting the demand (for the greenback) fast," he said.
The slumping down of the rupiah lately was mainly due to the impacts of the current global financial crisis, he said.
Not only rupiah, but almost all foreign currencies in the regional money markets were depreciated, he said.
According to him, BI was currently monitoring the local currency and was ready to intervene the market anytime.
