Info About Rupiah Strengthened Rp 10.925 per USD S

The deputy Governor BI Budi Mulya acknowledged the positive sentiment the global market made the exchange rate rupiah continued to strengthen. Turbulence of the financial market indeed still was continuing. There was the uncertainty. But, his development not always bearish. Sometimes his development bullish, he said in the People's Representative Council Building, Jakarta, yesterday

The improvement of the performance of the global financial market blew positive in the exchange rate rupiah. In the closing of the trade in foreign currency (foreign currency) yesterday (9/12), rupiah strengthened 575 points to the Rp level 10.925 per USD. Berdasar the middle exchange rate of the Indonesian Bank (BI), rupiah also jumped from Rp 11.900 per USD last Friday (5/12) became Rp 11.363 per USD.

The deputy Governor Senior BI Miranda Swaray Goeltom said, the strengthening of the exchange rate rupiah also was caused by various regulations that were dismissed by BI. Aturan helped prevented the speculation so as to make the exchange rate increasingly stable.

This 'also because of regulations that some time before were passed by BI', he said. According to Governor BI Boedono, BI published the related policy of the liquidity management of foreign currency supplies. All that was 'spent to reinforce the exchange rate rupiah', he said.from kapanlagi.com This policy, in part, the extension of the tenor FX Swap from maximal seven days to to 1 month. This rule was valid since October 15 2008 and was aimed to comply with the USD request that was temporary. This gave adjustment time for the bank or the perpetrators of the market before really adapted his portfolio composition.

To increase the USD liquidity banking in bertransaksi with the customer, since October 13 2008 the ratio giro obligatory minimal (GWM) the bank's foreign currency was also unloaded from 3 percent to 1 percent. Then, to reduce the USD purchase pressure because of the transfer of the account rupiah to foreign currency by the foreign customer, BI pulled out the limitation of the foreign loan of the position of the daily short-term since October 13.

BI also required underlying transaction and showed the number of the Subject of the Tax Obligation (NPWP) for the purchase of foreign currency against rupiah on USD 100 thousand. The speculative transaction, including the product terstruktur, also was banned since December 1 2008