The weakening of the rupiah against the US dollar is believed not to be prolonged or penetrate the range that has been maintained by the government and Bank Indonesia, said the Coordinating Minister for Economic Affairs Djalil.
Djalil on Thursday, said the weakening rupiah to Rp 13,000 per US dollar at the market opening today, is due to the sustainability of the economic recovery in the US which makes getting mighty dollar against other currencies, not just dollars. "Not much we can do for these external factors," said Sofyan.
He said the government remained fundamentally improve the economy to maintain stability of the domestic economy so as to anticipate the pressures of the global economic conditions.
According to him, the economic recovery in the US are characterized by increasingly positive employment index, have sustained the positive stimulus for global investors to continue to hunt down the US dollar.
Therefore, he said, when viewed as a whole, all the world's currencies weakened against the US dollar, including the rupiah. But if you look, the real exchange rate (RER), the rupiah would continue to increasingly competitive compared to foreign currencies other than the US dollar.
"(US dollar) against all other currencies together. Rupiah relatively higher than the Malaysian ringgit," he said.
CMEA optimistic exchange rate will not fizzle out or away from the square off the heavily government and BI. For example, he was deeply convinced the exchange rate will not be touched until Rp 13,500 per US dollar.
Furthermore, according to Sofyan, needs to be seen also situational condition occurs when the current trend is weakening rupiah.
He calls dollars in domestic demand is currently high, possibly because foreign companies are paying dividends to its parent company abroad.
Meanwhile, the current account deficit which is strongly influenced export and import transactions, according to Sofyan, still well preserved.
"I see the percentage of what happens before and after is not much different. But instead there is improvement," he said.
The government assumes the exchange rate in the 2015 Budget Amendment for Rp 12.500 / US dollar.
On Thursday morning, the interbank exchange rate traded lower by 25 points to Rp 13,000. Meanwhile, based on the data rate JISDOR BI on Thursday, the rupiah was at Rp 13.022 per US dollar
However, on Thursday afternoon, which traded interbank exchange rate to move higher into Rp 12.968 per US dollar.
Djalil on Thursday, said the weakening rupiah to Rp 13,000 per US dollar at the market opening today, is due to the sustainability of the economic recovery in the US which makes getting mighty dollar against other currencies, not just dollars. "Not much we can do for these external factors," said Sofyan.
He said the government remained fundamentally improve the economy to maintain stability of the domestic economy so as to anticipate the pressures of the global economic conditions.
According to him, the economic recovery in the US are characterized by increasingly positive employment index, have sustained the positive stimulus for global investors to continue to hunt down the US dollar.
Therefore, he said, when viewed as a whole, all the world's currencies weakened against the US dollar, including the rupiah. But if you look, the real exchange rate (RER), the rupiah would continue to increasingly competitive compared to foreign currencies other than the US dollar.
"(US dollar) against all other currencies together. Rupiah relatively higher than the Malaysian ringgit," he said.
CMEA optimistic exchange rate will not fizzle out or away from the square off the heavily government and BI. For example, he was deeply convinced the exchange rate will not be touched until Rp 13,500 per US dollar.
Furthermore, according to Sofyan, needs to be seen also situational condition occurs when the current trend is weakening rupiah.
He calls dollars in domestic demand is currently high, possibly because foreign companies are paying dividends to its parent company abroad.
Meanwhile, the current account deficit which is strongly influenced export and import transactions, according to Sofyan, still well preserved.
"I see the percentage of what happens before and after is not much different. But instead there is improvement," he said.
The government assumes the exchange rate in the 2015 Budget Amendment for Rp 12.500 / US dollar.
On Thursday morning, the interbank exchange rate traded lower by 25 points to Rp 13,000. Meanwhile, based on the data rate JISDOR BI on Thursday, the rupiah was at Rp 13.022 per US dollar
However, on Thursday afternoon, which traded interbank exchange rate to move higher into Rp 12.968 per US dollar.
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