Jumat 23 Aug 2013 19:20 WIB

Rupiah down 175 points against US dollar

A stack of rupiah banknotes are seen on the desk at a money changer in Jakarta, Indonesia, Friday, Aug. 23, 2013. The Indonesian currency rupiah fell again in the early trade on Friday opening at 11,035 from 10,860 per dollar earlier. (illustration)
Foto: AP/Tatan Syuflana
A stack of rupiah banknotes are seen on the desk at a money changer in Jakarta, Indonesia, Friday, Aug. 23, 2013. The Indonesian currency rupiah fell again in the early trade on Friday opening at 11,035 from 10,860 per dollar earlier. (illustration)

REPUBLIKA.CO.ID, JAKARTA - The Indonesian currency rupiah fell again in the early trade on Friday opening at 11,035 from 10,860 per dollar earlier. 

"The currency, however, may regain some of its value with improvement of sentiment expected later today," Samuel Sekuritas` economist Lana Soelistianingsih said on Friday.

Soelistianingsih said Bank Indonesia (BI) plans to issue six month deposit certificate (SDBI) to add to the number of instruments already available to control banking liquidity. "Currently banks place their assets in the central bank in the forms of short term seven day BI deposit facility (FasBI) or nine-month BI Certificate (SBI," she said. 

She added that the central bank has also issued "foreign exchange swap" auctioned every Thursday. In the last auction of one-month and six month swap facility Bank Indonesia raised 250 million USD, she said. 

Bank Mandiri`s market analyst Reny Eka Putri said the Indonesian central bank is expected to intervene to prevent the rupiah from losing more value. 

"The volatility of the financial market is quite high and the national currency has tended to weaken, but BI would protect the currency," she said then added that the government would take some measures to to recover the public confidence in the national currency. 

 

 

 

sumber : Antara
Advertisement
Berita Lainnya
Advertisement
Advertisement
Advertisement