This is an Effort That Is Done to Maintain Rupiah Stability
By : Wiyanto Dan Aldo Bella Putra | Saturday, September 15 2018 - 00:00 IWST

Mata uang Rupiah (Foto Ist)
INDUSTRY.co.id - The rupiah continues to weaken. What are the government's efforts to maintain the stability of the Rupiah exchange rate?
Krizia Maulana, Investment Specialist at PT Manulife Aset Manajemen Indonesia, advised the government and central bank to focus on reducing the current account deficit to maintain the stability of the Rupiah exchange rate.
"Some of the policies that have been implemented by the government include the first, implementation of B20, an increase from the use of Bio Diesel to 20%, in order to reduce imports from energy / fuel," he said in Jakarta, Saturday (09/15/2018).
Second, he said, the government postponed infrastructure projects that were deemed not urgent, this was useful to reduce imports of raw materials and capital goods. Finally, the government raised Import PPH on 1147 consumer goods which it felt had the smallest multiplier effect on economic growth and also had a substitution of local consumer goods.
The central bank, he continued, also actively maintains the stability of the rupiah exchange rate, among others by carrying out intervention against the exchange rate market and also maintaining the stability of the Indonesian bond market.
"The preemptive policy that has been carried out by Bank Indonesia includes raising interest rates by 125 basis points while other countries are also normalizing their monetary policy," he said.
Read Also
Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong…
Fujitsu chosen for Dow Jones Sustainability World Index for 22nd…
Olympus Named to Dow Jones Sustainability World Index for Three Consecutive…
New Economic Board, GOTO Share Moves Closer to Global Indices
Midday Break, the Composite SMidday Break, the Composite Stock Price…
Today's Industry

Senin, 09 Juni 2025 - 14:22 WIB
Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program
Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

Rabu, 21 Mei 2025 - 10:09 WIB
Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration
As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

Rabu, 21 Mei 2025 - 10:06 WIB
Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability
resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

Selasa, 20 Mei 2025 - 12:44 WIB
Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)
In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…
News Comment