New Info about BI Rilis of the Procedure Devisa Regulation

The financial sector of the homeland was still being covered the thick fog. The stock exchange and the exchange rate rupiah continued to be whipped by the weakening.

Yesterday the exchange rate rupiah in the feeble foreign currency market, through to finally provided 400 points towards Rp 11.500 per US dollar. Whereas in the money market, the action sold supreme shares brought the price index of the share of the combination (IHSG) slipped thin 9.9 points (0.74 percent) formed the level 1,326.62. Continued the weakening rupiah caused the Indonesian Bank (BI) once more took the anticipatory step.

These provisions were poured in the Bank's Indonesian Regulation of No. 10/28/PBI/2008 about the Purchase of Foreign Currency against Rupiah to the Bank. The deputy Governor Senior BI Miranda Swaray Goeltom said, this regulation continue to berlandasan the free foreign exchange system that was followed by Indonesia. 'Must be stressed, these provisions not was the policy' of the 'control' of 'foreign exchange or the control' of 'limiting capital the capital flow' of the 'country's passage', said Miranda in the BI building, Jakarta, yesterday (12/11).

this article from jawapos.com say about That was also meant to apply the principle knew the customer. The 'foreign currency' transaction 'that was carried out by the bank's customer, both the individual, the Indonesian legal body, and the foreign group, must have the aim' of the 'clear use and could be accounted for as well as were for the real sector useful',' said Miranda.

The professor of the Indonesian University stressed, the weakening rupiah at this time not because of having the speculation action. This 'not the speculation, but because of the shortage' of 'supplies of USD. Ada capital outflow in Indonesia', said the woman who always coloured his hair.

Separately, the Head of the Economist BNI Tony Prasentiantono said, there was the indication of large-scale refugees of the customer's fund in the homeland to banks overseas on the basis of the security on the guaranteeing of his savings fund. Although, said he, emerging market still was it was thought susceptible by large-scale customers. Since the beginning I had felt the government late did blanket guarantee. That could make rupiah strengthened was blanket guarantee, he said. He hoped, if the interest of the US Central Bank (The Fed) descended to 0.5 percent, will be hot money that entered the homeland.