REPUBLIKA.CO.ID, JAKARTA -- Indonesia hopes that the country does not feel significant impacts of the Greek crisis.
"The Greek condition is not new (to Indonesia). We hope its effects are not too considerable," Director of Communications of Bank Indonesia Peter Jacobs said here on Monday.
Greece has confirmed that it cannot pay off debts worth 1.54 billion Euros to the International Monetary Fund.
According to Jacobs, as Indonesia has relatively small trade cooperation with Greece, the crisis is not expected to have much influence on the country's economy.
However, he added that Indonesia will continue to closely monitor the way investors perceive the situation with regard to the volatility of the US dollar.
"To what extent will it affect investors to push them to sell their assets to buy dollars so the greenback appreciates further? This is what will possibly affect (Indonesia). So it is all very situational," he explained.
Jacobs further noted that Bank Indonesia will not hesitate to enter the market to conduct measured intervention if the volatility increased abnormally.
"We will keep monitoring developments outside the fundamental line," he affirmed.
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