ID :
55691
Wed, 04/15/2009 - 20:14
Auther :
Shortlink :
https://www.oananews.org//node/55691
The shortlink copeid
BI CHIEF OPTIMISTIC FOREIGN CAPITAL INFLOW TO CONTINUE
Jakarta, April 15 (ANTARA) - Bank Indonesia (BI, central bank) Governor Boediono said he was optimistic foreign funds/capital will continue to enter the country and enable the rupiah to strengthen further.
"I am always optimistic. So, if the domestic situation is like this, better than in other countries, I think many (investors) will be interested in coming to Indonesia," Boediono said at the finance ministry here on Wednesday.
He said the rupiah's exchange rate depended on global conditions. At present global sentiment toward Indonesia was positive but this could change any time, he said.
"However, we want to guard the rupiah so it will not fluctuate too often," he said without mentioning the ideal level of the rupiah's exchange rate.
In response to a press question, Boediono said that it was possible that the political situation in Thailand was affecting the exchange rate of the Indonesian currency.
"It's possible, but I cannot be positive because I am not a political expert," he said.
He said there were foreign funds entering the country but they must find the most profitable place with minimum risk.
Meanwhile, BI Senior Deputy Governor Miranda Goeltom said the present the local currency was now strengthening thanks to foreign capital inflow.
The implementation of the legislative elections on April 9, 2009, which was quite peaceful, had also boosted the country's economic conditions, she said. ***
"I am always optimistic. So, if the domestic situation is like this, better than in other countries, I think many (investors) will be interested in coming to Indonesia," Boediono said at the finance ministry here on Wednesday.
He said the rupiah's exchange rate depended on global conditions. At present global sentiment toward Indonesia was positive but this could change any time, he said.
"However, we want to guard the rupiah so it will not fluctuate too often," he said without mentioning the ideal level of the rupiah's exchange rate.
In response to a press question, Boediono said that it was possible that the political situation in Thailand was affecting the exchange rate of the Indonesian currency.
"It's possible, but I cannot be positive because I am not a political expert," he said.
He said there were foreign funds entering the country but they must find the most profitable place with minimum risk.
Meanwhile, BI Senior Deputy Governor Miranda Goeltom said the present the local currency was now strengthening thanks to foreign capital inflow.
The implementation of the legislative elections on April 9, 2009, which was quite peaceful, had also boosted the country's economic conditions, she said. ***
