Only export raw materials, IDR dropped

JAKARTA - Motion dollars still like the game of snakes and ladders that have not had the opportunity to get a ladder to improve the performance of the currency Rupiah.

According to Bloomberg, this morning motion rupiah continued to weaken compared with the close of trading on the previous day, which is in a position Rp13.197 per USD, down 15 points from Rp13.182 per USD.


Seeing the weakened condition, Senior Economist Didik J Rachbini revealed, it is because the government is too underestimate the depreciation of the rupiah. Plus, with a trade deficit Indonesia that would not go well though it was changed in October 2014 the head of government since then.

"Our current account minus, export our goods to imported goods baseball enough. So this is the first time, after four decades of the balance of trade deficit," said Educate, after attending discussions Indonesian Infrastructure Development and Developing Countries, at the Chamber of Commerce Tower, Jalan HR Rasuna Said , Kuningan, South Jakarta, Friday, March  13.

According to him, the trade deficit occurs because Indonesia was only able to export raw materials or raw materials. In fact, if processed further, commodities that can jump-start motion owned Indonesian rupiah currency before USA..

"We are only able to export raw materials such as cocoa, coal or oil. It dropped the price in the national market. Therefore, we should try to address the issue of export of this," please him.

Educate added, the lack of policies to protect the domestic industry caused imported products flooding the country. This, he stated, making the domestic industry was shaken and even death.

"We have to remind the government that does not mess around (the weakening rupiah). Do not think that this is safe. We economists know this structural problem. By systematically, should be solved, there must be a package that is clear from the Government to tackle (weakening rupiah) this, "added Didik.

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