Level of Rupiah

29 Dec 2011

Bank Indonesia (BI) estimates that by the end of 2011 the exchange rate of rupiah against the U.S. dollar in the range of Rp 9.000/US $.

The central bank looked at pressures on the exchange rate has begun to subside. Deputy Governor of Bank Indonesia (BI) Hartadi Sarwono expressed entering end of this year, has eased the pressure on the rupiah. Previously, the rupiah was at the level of Rp 9.100/US $ due to huge pressure from investors and foreign companies are taking advantage in order to close the year.
“It’s the last week before the close of this year there is extra pressure in addition to its main global issues as well as some foreign investors to take profits, then the companies abroad in order to close the book, take some of their investment for the bonuses and so on, that’s what makes pressures on so that the rupiah at Rp 9.100/US $ yesterday, “said Hartadi when met at the Supreme Court Building, Jalan Medan Merdeka Selatan, Jakarta, Thursday (29/12/2011). However, in December 2011, the pressure has begun to diminish. Therefore, further Hartadi, the rupiah to the end of 2011 is estimated around USD 9000.

TAGS News rupiah dollar



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