ID :
44559
Fri, 02/06/2009 - 21:02
Auther :
Shortlink :
https://www.oananews.org//node/44559
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RUPIAH`S WEAKENING MOSTLY CAUSED BY GLOBAL FACTORS: BI
Jakarta, Feb 6 (ANTARA) - Bank Indonesia (BI) Senior Deputy Governor Miranda S Goeltom said most of the factors responsible for the continuing weakening of the Indonesian rupiah were global in nature.
"At international level, US dollar supplies are tight so that almost all currencies in the world have weakened, including the rupiah," Goeltom said at the finance ministry building here on Friday.
She said each time countries grouped in the Organization for Economic Cooperation and Development (OECD), or the United States were to announce their monetary polices, employment figures or corporate losses, global markets always became alert.
"If the markets are on alert it means they do not want a tight US dollar supply to happen. At home, US currency supplies are tight and as a result the rupiah has weakened," Goeltom said.
Referring to the tentative assumption of the rupiah value to be set at Rp11,000 per US dollar in the 2009 revised state budget, Miranda said that the assumption rate for the state budget was an annual average rate.
"Assumption made for the state budget is an annual average rate. And the Rp11,000 rate is still achievable," she said.
The rupiah tended to be stable in the Jakarta interbank spot market early Friday, although it advanced in the first minutes of the market opening, but fell on market pressure.
The rupiah traded at Rp11,755/11,805 per US dollar, up five points from Rp11,760/11,780 in the market's close a day earlier.
Banking Retail Director of PT Bank Mega Tbk. Kostaman Thayib said the market had been positive toward the rupiah, because market players released the greenback in the domestic money market for profit taking.
When the market opened, the rupiah gained 25 points to Rp11,735 per US dollar, however after 25 minutes of trading, the rupiah fell slightly.***2***
"At international level, US dollar supplies are tight so that almost all currencies in the world have weakened, including the rupiah," Goeltom said at the finance ministry building here on Friday.
She said each time countries grouped in the Organization for Economic Cooperation and Development (OECD), or the United States were to announce their monetary polices, employment figures or corporate losses, global markets always became alert.
"If the markets are on alert it means they do not want a tight US dollar supply to happen. At home, US currency supplies are tight and as a result the rupiah has weakened," Goeltom said.
Referring to the tentative assumption of the rupiah value to be set at Rp11,000 per US dollar in the 2009 revised state budget, Miranda said that the assumption rate for the state budget was an annual average rate.
"Assumption made for the state budget is an annual average rate. And the Rp11,000 rate is still achievable," she said.
The rupiah tended to be stable in the Jakarta interbank spot market early Friday, although it advanced in the first minutes of the market opening, but fell on market pressure.
The rupiah traded at Rp11,755/11,805 per US dollar, up five points from Rp11,760/11,780 in the market's close a day earlier.
Banking Retail Director of PT Bank Mega Tbk. Kostaman Thayib said the market had been positive toward the rupiah, because market players released the greenback in the domestic money market for profit taking.
When the market opened, the rupiah gained 25 points to Rp11,735 per US dollar, however after 25 minutes of trading, the rupiah fell slightly.***2***
