Jakarta (Antara Bali) - The Indonesian rupiahs yearlong fluctuating
exchange value against the US dollar is still normal, and the central
bank can anticipate it, Indonesian Coordinating Minister for Economy
Sofyan Djalil stated.
"The rupiahs fluctuation is still normal, and I think it will not
be a major problem," the minister noted here on Thursday.
Sofyan made assurance that the central bank is constantly
monitoring the fluctuation in the rupiahs exchange rate that is
currently around Rp13 thousand per US dollar and is still not a matter
of concern.
However, Sofyan affirmed that the currency tends to be undervalued
due to its constant weakening against the US dollar. Moreover, the
global currency is now affected by the strengthening of the US dollar
due to the recovery in the US economy.
"Despite this, many have said that the rupiah is undervalued, and
it is the result of several uncertain factors, such as the unfinished
crisis in Greece and the condition of the US economy also affecting the
global currency," Sofyan pointed out.
The minister also expressed confidence that the government is
helping the central bank, Bank of Indonesia, in monitoring the currencys
exchange rate within the acceptable boundaries by fixing the current
account to maintain the countrys fundamental economy.
The current rupiah exchange rate during Jakartas interbank
transactions on Thursday weakened 19 points to reach Rp13,370 per US
dollar.
"The rupiah weakened after remaining stagnant during the opening
trading session. The US dollar has appreciated yet again in the domestic
market, following several domestic economic indicators that are still
relatively slowing down," emphasized Research Chief of NK Korindo
Securities Indonesia Reza Priyambada.
Reza stated that the central banks projection regarding the economic
growth during the second trimester of 2015 is close to the realization
of the economic growth in the first trimester, which is 4.71 percent,
thereby indicating that the domestic economy is still slowing down.
The domestic economy is expected to improve in the second trimester
of 2015, following increased absorption of the governments capital
expenditure for infrastructure development. (WDY)
Rupiah`s Fluctuation is Still Normal: Indonesian Minister
Jumat, 24 Juli 2015 5:29 WIB
Karyawan melayani penukaran Dollar Amerika di salah satu jasa penukaran valuta asing kawasan Kuningan, Jakarta. (ANTARA FOTO/Puspa Perwitasari/BAP/15)
