Foreign Exchange reserve of Indonesia Down at US$ 4 Billion at 2013
Thursday, 7 February 2013
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"Today we release foreign exchange reserves dropped large enough to meet the needs (demand) a large corporation, while income (supply) is limited at the beginning of the year," said Deputy Governor of Bank Indonesia (BI) Hartadi Sarwono in a brief message to detikFinance , Thursday (01/07/2013).
Described Hartadi, BI will continue to be in the market in order to exchange terdeviasi not too far from fundamental factors. BI, continued also will create onshore reference rate that the domestic market does not use Non Deliverable Forward (NDF) abroad (offshore) in quotation transaction.
"By the end of January 2013, Indonesia's foreign exchange reserves at U.S. $ 108.8 billion, SBI (Bank Indonesia Certificate) foreign owned Rp 150 billion (0.18%) and (Government Securities) SBN foreign owned recorded at Rp 273, 2 trillion (31.4%), "said Hartadi.
Previously, BI spokesman Difi Johansyah said Bank Indonesia plans to send a letter to the commercial banks for trade ban non-deliverable rupiah forward (NDF) and ask to use the onshore rupiah market.
"NDF is not allowed because the transaction did not have an underlying asset, this letter will be sent repeatedly to remind the banks do not use the NDF," said Difi.
According to Difi, it will force the banks to use the local benchmark interest rate. "We want more liquid onshore forward market in the future and could be a benchmark," he said.
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Judul: Foreign Exchange reserve of Indonesia Down at US$ 4 Billion at 2013
Ditulis oleh Unknown
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